We know, you have posted that Info a thousand times previously, verbose repetition is one of your specialties.
Improved recoveries in column leach tests does not equate to what happens on a production heap leach.
Western RE pricing will not double* ~ which is the only way this can ever hope to possibly break even.
We would love to know what the "Basket price" for those 208gms/t
mined my guess is around US$7/t
mined
If so then with payability at 70% ~ IMO revenue should be around US$5/t
mine
Stage 1 head grade is 848ppm ~ The current "high grade" selective testing with drill holes, will not improve real life production, if anything it will downgrade the rest of the deposit!
Recoveries have not improved more than 5-10%, unless you are referring to the Al & Fe
So, I am sure everybody would like to hear what prices you are expecting to achieve, for what quantities and from whom? ~ UBS are forecasting US$90/kg for long term pricing ~ *which is not double current SMM
From IXR's DFS 20/03/2023 page 3
(20min delay)