Stark29 Jun 2023 18:25
STARK UPDATE FROM GEOFFREY!
They have notifications now the trucks are on the way to site this will take a week to install the sizer will obviously increase capacity and the sorter will target higher grade ore that’s been fed into the plant which will then increase the SC6 output grades
Now I questioned the SC6 topic, the plant capable of it he said as long as the material that is been fed into the plant is of a reasonable grade from what I gathered let’s say 0.9% - 1.5% then yes Zulu will certainly achieve grades of SC6, assays we are seeing average 1.2 a 1.6% so that’s excellent news, he said but even then let’s say it’s low grade for example 0.6% then we can add a module which can take that from a low grade strip some material from it and reduce the mass to then feed into the milling and flotation system so you could still achieve SC6 from low grade but it would involve more modules, he was just giving examples as he does really try to give you an understand of how this works
Phase 2 has been ordered to avoid any border issues and he believes stark has unforeseen circumstances which fits the FM this will be voiced tomorrow
A forum will be set up and it will be an educational forum with stark where people can ask questions and get experts advice, it will not be a forum where people can ramp or deramp to their own agenda
I said you must know what’s in the ground the assays we’ve seen so far average 1.5% he said he doesn’t have a clue what is in the ground all he knows is Zulu is a spodumene rich asset and that there is spodumene in the ground, he said zones are weather so there’s low, mid and high weathered zones therefore what goes into the plant will change over time hence the sorters to filter out the low grade material
He did say the plant that is in place is more than capabale of producing high grade SC6 if the input is good, the thing he did say is that other company’s who go on the DSO route I think it’s DSO anyway, they will struggle when the lithium market corrects it self and and it will correct, those are the company’s that would go bust, Zulu would stand a much more of a fighting chance, he said there’s nothing of significance to Zulu coming online any time soon and he believes this will be a successful project
I said hypothetically speaking let’s say you held prem shares and you knew the information you know now what would you be thinking, he responded hypothetically I’d ride this storm and as canmax are not the only majors, I’ve known George a decade he now is in with some majors and I mean big big majors these guys are massive, he said I wouldn’t panic in the market I’ve seen on Twitter myself a lot of negative slander that is far from the truth, everyone just remain calm and he believes this project will be a huge success, he’s coming to put this right as people are making judgement and are misinformed regarding the issues at the plant so hence the interview tomorrow morning
also f