I'd like to think I'm realistic/factual rather than negative but I take your point!
If anything my last post was the most "positive" I'd been about the company in a while as I honestly didn't quite expect them to get to now (admittedly they've stopped paying down their debt which helped a lot).
The 33% increase in grade you mention (75 to 100g/t Ag) only is valid as long as your recoveries stay the same, otherwise there is no realized benefit. After working at several operations over the years I have seen circuits be flooded by product which it can't handle, but I see this risk as low since the Manuka plant was designed for the Ag deposit.
I wouldn't think the cost to process silver is any less than gold; the chemistry is the same; you're just replacing Au+ with Ag+. But you will have 25x the grade coming through the plant, so there will obviously be a much higher requirement for carbon (which is scarce at the moment thanks to Covid - I hope MKR have put their order in!!!) and stripping/pouring costs will also be higher. Swings and roundabouts...
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I'd like to think I'm realistic/factual rather than negative but...
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Price($) | Vol. | No. |
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LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
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