march quarterly report although the report does not provide...

march quarterly report
although the report does not provide definitive recovery data ,with the information supplied we can make some conclusions and estimates
There is a defined hydrometallurgical process with a carbon concentrating step
This process with Bamboo Creek Tailings results in a concentrate which is 10% to20% of the original
This concentrate contains 10,000gm/tonne or approx. 330oz/tonne of Au/PGM
From this a 10% recovery would produce 33,000,000 ozAu/PGM from the 1,000,000 tonnes of tailings
with a 15% concentrate 50,000,000 oz Au/PGM
The euopean smelters require a>3% Au/PGM the above would be 10%
When the smelters agree to smelt a contact will pay for ore as per assays. What % of the value the smelter pays has not been disclosed
Regarding cost. The tailings have minimal extraction cost. From Goldcorp data the process indicated would have a cost of about US50 per tonne

Charliegold