Ann: Quarterly Activities Report, page-103

Panda

Have you seen the latest AMN update?
They now have data from 4 trenches. As expected the average flow rates are coming down. Down from 1.4 cube/m/day to 0.8 cube/m/day.
This compares with the RWD long trench data from last Q of 0.69 cube/m/day.
The AMN scoping study used 0.75 cube/m/day so they will need the 250KM of trench assuming their average doesn't fall even further.
Lets not forget that based on grade they need to pump 1.6 times the volume RWD will have to pump (assuming equal recovery and annual production).

It will be interesting to see how the deeper trench on LD performs.