GBZ
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11.1% 1.0¢ gbm resources limited

Rx, yep,Squeeze more out of the heap with the new flowsheet....

  1. bushandbeach
    78 Posts.
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    07/05/21
    19:18
    Post #: 53027659
    Rx, yep,

    Squeeze more out of the heap with the new flowsheet.
    Looks like they are achieving this.
    https://hotcopper.com.au/data/attachments/3160/3160730-29ec8e7e37746f9a602418bd439ab6e4.jpg

    But 0.3g/t Au in heap is worth (@A$75/g) = $A22.50/t - $169 million in heap
    Assume 60% recovery of this = $13.5/t
    I think processing costs on this with grinding/leaching is possible now and definitely more likely at a higher gold price!
    GBZ Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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