GRV greenvale energy ltd
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My understanding, also after discussions with Management, is a...

  1. andrew1401
    155 Posts.
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    13/05/24
    16:50
    Post #: 73801431
    My understanding, also after discussions with Management, is a 30% full cycle yield of the processed product.

    If 500,000 tonnes of ore is mined, there is ~30% waste, leaving 350,000 tonnes to be processed. 350,000 tonnes becomes 105,000 tonnes of bitumen at a 30% recovery rate. (350,000 x 30% = 105,000 tonnes). Presumably, this is the figure GRV will try to improve on.
    GRV Price at posting: 7.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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