RE: Review of RNS10 Dec 2023 22:07
Sorry Biztech but I agree with Acker on this, your review wasn't the best. The rns was ambiguous in what it said and clear in what it didn't say. The Canmax situation is by no means resolved, it stated that they haven't asked for repayment. It didn't state that they have elected to defer repayment, which was a deliberate omission which is clear when you read between the lines. As for the grades, again nothing is clear other than a lab can produce grades of a satisfactory quality, we all know that production under lab conditions and production under real world conditions are very different.
I'd suggest that you look at the scoping study and it's recommendations for the plant and compare those recommendations to the plant that has been built, that study gave projected grades against a production process very different to the plant that has been built. Those differences will affect final production grades quite significantly to the point that it's unlikely that, even with the introduction of the ball bill and thickener, Zulu will be able to produce SC6 grades with the current plant design.