CCU 0.00% 5.8¢ cobar consolidated resources limited

The following is from Phillip Capital Overview as posted on the...

  1. 702 Posts.
    The following is from Phillip Capital Overview as posted on the company website, I think it pretty much covers the recovery question,

    "Since commencing production recovery rates have dropped from 90% in September quarter to 79%
    in the March quarter. This is compared to a design rate of ~93%. The main issue has been the high
    proportion of oversize material.

    With the Boundary ore currently the main feedstock the rate of oversize material has increased to
    ~50%, additionally the silver grade in the oversize material is up to 2.5x the grade in the finer sized
    ore. This means that a high proportion of the silver that is being mined is being sent to the oversize
    stockpile. Recent estimates put the silver in the stockpile at ~400,000oz.
    By installing a ball mill the oversize material will be able to be processed. The company believes that
    this should lead to an increase in production near nameplate design."
    http://ccrlimited.com.au/wp-content/uploads/2013/06/Phillip-Capital_CCU_150513.pdf
 
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