We now find the sample was 132% richer than Nex thought, meaning the final recovery was only 55%, not 85% or more. What a monumental ?.
Optimists might hope Orient is twice as rich based on a 181kg sample. It might be a little richer but it's likely the economics of their heap leaching now become far less exciting, with minimal cash surplus from phase 1 imo. The 3 phase development to progressively generate cash no longer looks as capable of doing so. A CIP plant becomes the priority imo.
And the moral of the story. Beware when a test that should take 15 days, takes 2 months to report on.
We now find the sample was 132% richer than Nex thought, meaning...
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