Well, unless they are telling porkies something is going right. To get a grade of ~50% then if they have bad recovery they need good throughput and if they have bad throughput then they need good recovery, if one side is going bad then the other side must be doing better than expected or they would not achieve the grade.
It would be good to get the figures and hopefully the quarterly will be more informative. They have just started operations though so a quarter or 2 to get up to speed is ok as long as they are more or less on the planned schedule of course.
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