Hi guys,
I don't hold, but I liked the fundamentals and I am looking for an entry point. That said, I personally think this is a neutral announcement. Recovery is inversely related to concentrate grade. (extreme example, if you do not concentrate the ore at all, you get 100% recovery). Lower concentrate grade incurs higher transport and smelter costs. In this case I think the transport cost is a concern for me, given where the deposit is. Since there is no concentrate grade released in this announcement, I can't make any conclusions out of it.
Hi guys,I don't hold, but I liked the fundamentals and I am...
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