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retrobyte

2,618 Posts.

634

29/05/18

13:29

Post #: 33352891
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Originally posted by bob1010 ↑

Still a lot of risk related to the processing circuit and the recoveries. Gravity spirals on this scale are pretty much unheard of and therefore untested. Also with the grind you will still get a lot of gangue as the separation by gravity will also have qtz etc with it on the mine scale rather than selective sampling of core. The low grade of the Co doesn't help and when a company starts shouting 'world-class' one begins to wonder. There are plenty bigger in other parts of the world and one or two in Australia. Still unproven IMO and will run into big issues commissioning and proving their processing circuit works on mass scale. The fact that they are quoting sulphur and Fe in their resource also makes one wonder. Not to say it cannot be done but the low grades do not help. Not much known about this stuff in Aus so will be interesting when they get going...

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You may have missed this previous announcement. I think LG Chem's technical assistance and expertise will help to remove any risk around the processing circuit and the recoveries.

COB Price at posting: $1.24 Sentiment: Buy Disclosure: Not Held
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