Yeah there’s definitely a lot of guess work. I’m more or less assuming they ‘high grade’ the high grade zone and there’s some 15-20% dilution so land at a 2% feed grade. Ie no uplift from the ore sorters.
I spoke with the company maybe 6 months ago re the ore sorter - he said they only put around 35% of mined material through the ore sorter (can only take a certain sized material) and they typically reserve it for when they bulk mine low grade areas - said it gets rid of around 50% of waste, works on rock density. So I really don’t know how it works so have ignored and left as upside.
Yeah there’s definitely a lot of guess work. I’m more or less...
Add MLX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $380.6M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 41.5¢ | $754.8K | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 123500 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 4672 | 2 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
|
|||||
|
Last
42.0¢ |
Change
-0.015 ( 3.02 %) |
||||
| Open | High | Low | Volume | ||
| 43.0¢ | 43.0¢ | 41.5¢ | 984419 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| MLX (ASX) Chart |