PSC 4.17% 10.0¢ prospect resources limited

92% gold recovery from tailings is acceptable. The toll mill is...

  1. 1,118 Posts.
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    92% gold recovery from tailings is acceptable. The toll mill is owned by a related party (Farvic) so it's in both our interests to keep toll mill rates low and up the final recovery %.

    Re Moba in DRC, personally not a fan of the option (I posted previously about the high cash acquisition cost and dilution that would e trail through share payments). I doubt PSC will want to give away shares that freely esp when we have Arcadia. If Moba is being seriously considered, I would want management to renegotiate the costs.

    Anyway I think Moba was a wild card thrown to market to try and get some interest in the stock as it had been trading sub 1c for years. Also note how the most recent roadshow makes no mention of Moba - I reckon this means they've pretty much abandoned it to focus on existing gold mines and lithium.
 
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