Ok. My interpretation was that Core is choosing to produce 4.8% grade rather than being unable to produce higher grades.
Core has looked at the recovery rate and costs that would come from producing 5.X% grades and the recovery rate and costs at a 4.8% grade. Core has determined that the best option for maximising net profit (or minimising net losses) is to produce a 4.8% grade.
That noted, I 100% agree - Core needs to do something to improve recoveries. If Core is going to thrive, recovery rates need to be higher.
Shoobridge exploration, page-13
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $214.3M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 10.0¢ | $1.502M | 14.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 78 | 5970714 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 250000 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |