The MD has made it perfectly clear in the Q Report that the decision has been (pretty much) made to employ the Albion Process for Youanme! This, deals with the processing problems encountered with the RF ore. The Albion process was bandied around the DEG boardroom many moons ago, for the same reason. The Ore there btw wasn't near as bad as first surmised! This Albion process is a cheaper alternative than the POX process. The first process discussed moons ago @ DEG also. This pretty much deals with how to overcome the Ore body type present in the Pilbara...
Anyone here that thinks this alone justifies such a low sp really doesn't have a grasp on how these recovery/extraction processes change the dynamics of mining such ore & reduce costs significantly.
I really think this deposit needs time to value the shallows & wait out for the upgraded RE when both shallows & deeps assays are in & have been analysed in order to both contribute to the deposit. Also, will be much better once we have inferred moved over to measured...
Market Cap! Ridiculously low..., page-15
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| Last updated 15.59pm 31/05/2024 ? | |||||
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