Hays, as you have noted SHIP has a weight recovery of 18% at quite low grade. In my opinion the BIG difference is that the Pilbara RIO or BHP CID deposits are 100% weight recovery. Meaning roughly that from 100t of ore SHIP gets 18T of product compared to 100T of product. As such mining and processing costs for SHIP ore is likely to be HUGELY different perhaps as much as 5 times more.
FAS Price at posting:
0.4¢ Sentiment: None Disclosure: Held
