Still no plant performance figures, or a transparent management...

Still no plant performance figures, or a transparent management discussion so I'll work it out for them.

Milled 310,949 tonnes = 40% of design capacity
Produced 17,607 mtu = 20% of design output

If their mined grade is 0.19 as all the propaganda says, they have milled 59,000 mtu

This puts the mill recovery at 30%.

It doesn't say how many mtu were sold, and presumably they were still receiving payment for material dispatched during the previous quarter. If APT price is 170, they will not be seeing more than $140/mtu. The whole shambles was financed based on $400/mtu.

It also means they have dispatched just 13 TEU of concentrate in 90 days, a far cry from the one TEU per day that was being forecast. That explains the lack of sea containers leaving the mine.

Seems as though GRES has built them a stinker. This white elephant is going to ruin wlf and GRES.

Didn't they say commissioning was complete last year? It seems Clark is every bit as full of it as his predecessor.

I see ATA is buying scrap metal, maybe they can sell Hemerdon to them.