GRV 3.57% 8.7¢ greenvale energy ltd

imagine a synoil to bitumen yield of 30%. That means the...

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    imagine a synoil to bitumen yield of 30%. That means the interim, resource weighted, phase 4 results of 35% are then converted from synoil to bitumen at 30% for a total ore to bitumen yield of 10.5%. That would mean 100ktpa is miles away, 500ktpa would produce only 52ktpa and that's not the case

    so which is it @Pokerface have you got a straight statement?

    I know what it is because a long time ago I asked Mark is the 30% target a full cycle yield, an ore-synoil yield, or a synoil-bitumen yield... and its a full cycle yield. One that we'll now miss for the PFS because of an (fixable) oversight.

    I also asked Mark when phase 4 started what his expectation was and it was a "slight improvement on Phase 3". Seemed logical. Phase 4 didnt do that though.
    Last edited by sahmee: 13/05/24
 
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