90% recovery is probably a fair number for back-of-envelope calculations. It will depend on the method used (heap leach, float or pyrometallurgy) but the grades at storm are too good for heap leach. Many investors are likely still spooked by the recent low cash reserves, but I for one am glad to have participated in the recent SPP which addressed them. I will only be selling at anything like current prices if I have an urgent need for the cash (i.e., I won’t be). I see lots of upside here (and I’ve been looking for the potential downsides).
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90% recovery is probably a fair number for back-of-envelope...
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