I think, regardless of Sileach or Lmax, both could do well processing tailings or waste of large/larger mining operations
It might be a bad example, as they are currently not earning as much money and as copper is a different commodity, but maybe you know about Amerigo Resources (not a recommendation, just naming them as an example!): http://www.amerigoresources.com/mvc/operational_highlights/
Column 1
Column 2
Column 3
Column 4
Column 5
0
Years ended December 31,
1
2016
2015
2014
2013
2
Fresh Tailings From El Teniente[/B]
3
Tonnes processed
42,031,933
44,472,506
44,951,132
44,484,008
4
Copper grade
0.12%
0.12%
0.11%
0.13%
5
Copper recovery
19.60%
21.00%
21.40%
20.00%
6
Copper produced (M lb)
21.09
23.79
24.17
25.89
If another company or operator is running a mine and is spending money on transportation of ore and waste rock, spends money on crushing and concentration, the remaining waste or tailings might still be of value... and, that is the reason for adding that example, even at low recoveries an operation might be a company maker
Especially as the mining operation and a nice portion of capex and opex could be carried by the operating partner.
Just an idea, but apart from operating a project 100% on the one or the other technology, wouldn't you think a combination could make sense at some projects?
LIT Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
