For peer comparison take a look at Tando ( TNO) announcement...

For peer comparison take a look at Tando ( TNO) announcement today. 40 - 70% mass recoveries using the same Davey Tube method as PUR, not to mention higher whole of rock grades. I held PUR until I noted the 5% mass recovery then bailed out quickly. I do hold TNO, not downramping PUR, just saying. Certainly a world of difference in those recoveries. It would be interesting to know from PUR why the recoveries were so low, given ( by calculation) around at least 60% of the Vanadium remains in the non-recovered material . I wonder whether it was the sample grinding size or some other variable that contributed to the low mass recovery of the vanadium bearing magnetite ? Or maybe it just is what it is, irrespective. Pity the company has not made any comment on the low recovery, maybe they will, but certainly gave more focus ( in the announcement headline) to the concentrate grade