SYA 0.00% 3.1¢ sayona mining limited

Mill utilisation was 73% in March and mill recovery was 69%. if...

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    Mill utilisation was 73% in March and mill recovery was 69%. if we are processing 1 tonne of ore in March we are getting 69% of 73%. only 51% effective recovery. it Cleary states weather and blockages adversely impacted mill recovery, with new storage facility only finished at end of March it was unlikely to see efficiency achieved in March quarter. I would like to see an effective recovery rate of 75%. if we see a 24% increase in effective recovery we will see a 24% decrease in costs. $1500* 24%= a $360 dollar decrease alone. If they have increased access to higher grade ore recovery rate should also increase considerably as less milling required full stop. I get the AISC will be higher to reflect recent inflation but equally Canada with its abundance of cheap hydro energy should also be a benefit to the equation. In any case I agree that costs need to come down in big way, but I'm hopeful given we have a miner in charge he will be all over mining costs and costs of production. AJM is now a critical Asset of PLS and this gives me quiet confidence in SYA ability. I hope I'm not wrong
 
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