Hi Miro, could the confusion be from the fact that the 70% recovery noted in the scoping study, was a conservative assumption, for conceptual economic modelling only. Not the actual recovery rate achieved (it was early days).
Therefore based on a conceptual "70%" the estimated cost of LCE was "less than $2000/t, net of SOP"
As actual recoveries came in later >90%. The actual cost of LCE quoted onwards from EMH was "$1500/t net SOP".
It's in the fine print of the scoping study.
If you feel more comfortable, we can continue any LMax/EMH discussions over on the LPD boards?
Hi Miro, could the confusion be from the fact that the 70%...
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