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2.5¢ kalium lakes limited

They have stated the recovereis improved during the quarter ,...

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plough

33,341 Posts.

1703

01/02/23

04:34

Post #: 65993125
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Originally posted by Navarone ↑

10% is approx the estimated recovery of SOP from the KTMS.

"Operations team in place and salt harvesting operations ongoing, with 107kt
KTMS feed (equivalent of 10,700 tons of SOP) delivered to ROM stockpile as at
mid September 2021"

https://app.sharelinktechnologies.com/announcement/asx/7fd05d32fea31ef60679a3bdba73955d page24

Perhaps it's 50% of the expected recovery. Certainly not 50% of the feed.

Bottom line is at the moment we are recovering less than 2%. 780t SOP from 40kt KTMS this qtr. And we are not harvesting enough KTMS. We need 200kt per qtr KTMS required.
From 40kt they should have recovered about 4kt of SOP - optimistically.

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They have stated the recovereis improved during the quarter , from a glass half full perspective , I would therefore not take the average recoveries for all days in the quarter as the KPI(which you are calculating ) , I would instead take the recoveries at the last days of the quarter.
Yes still terrible recoveries but perhaps not as bad as you are calculating ?

KLL Price at posting: 3.8¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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