Yeah kind of . Strip ratio refers to the amount of waste material which must be removed to extract the mineralised ore from the ground. We need to remove significantly more material hence our mining costs are higher, but the ore that is then processed contains 2.5x more V so lower processing costs because we can use conventional processing methods. Like I said, our higher mining costs will be more than offset by lower processing costs.
TMT Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held
