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.
Ok. My interpretation was that Core is choosing to produce 4.8%...
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 96 | 4283334 | 10.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1066000 | 5 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |