Yes I saw that City but it did not show what actual recoveries...

Yes I saw that City but it did not show what actual recoveries were currently or how they are tracking , the fast prodn ramp up (plus higher concentration rates ) however does bode well that recoveries would also be tracking up as it would seem they are not putting machinery in downtime (so lowering prodn ) to tweek it for improved recoveries

But yes as you alude a $1.92 valuation on 45% recoveries does at least give investors a possible lower bench mark to look at for valuing the company .