Sorry for the late reply but based on your response why is quoting recovery at the rougher stage not meaningless
I can get 100% recovery at my plant if I’m happy with a concentrate grade of 3%. Get it?
So just to be clear this number is meaningless, if not misleading, without also stating the concentration ratio leaving the rougher cells. They might have raised the grade to 30%. If they lose another 10% getting it to a saleable concentration level it’s not going to work.
1. Grade
2. Recovery
3. Costs
4. Prices.
In that order. Right now you have no idea of 2. And that is why the price is going down.
NCZ Price at posting:
82.5¢ Sentiment: Hold Disclosure: Held
