Novo update on exploration, page-7

@Lethal70
That has always been the biggest question and what has been holding the Conglomerate back.
The Tomra parameters apparently operate best at 6-63mm in the situation of those tests.
I have spoken to Tomra and they assure me, the parameters have many variations.
One of the biggest criticisms is that it loses too much in material outside those parameters.
Atm, we do not know what the loss rate is but that is currently being verified by Novo.
Don't forget that all processing has a loss ratio and if the head grade is economic because of the Tomra solution,
all the critics under the sun won't change the economics.
As I understand, we are doing exploration on our own Conglomerate but at the same time Novo are closing in on trial mining which will allow them to test thse economics. I have seen no sell down of the majors that have invested in conglomerate, quite to the contrary.
We have a very good project without any Conglomerate but the improvement in what is now being achieved by QH in particular, has the potential to add to our productivity. We have management that are focused on frugal cost control and a project that could grow a lot more yet.
Any focus on short term sp gains is not looking at the full picture. Are they even looking at how our metrics are improving along with rising gp?
At a US gp of $1280 AUD is $1800 but if the US gp rises to $1500 like more and more are starting to believe, the AUD eq is a little over $2100.
$300 improvement in the metrics and the Chinese that will be happy to take equity in the project, ( don't forget they are already happy as they are hungry for gold and know the deposit has great potential ), we will have very little trouble getting funding from multiple sources imho.
Any additional optimisation by Tomra and or flotation for Sulphide ores will be very welcome.
I am going to take a rest from HC for a while as I am a little too busy with other things in my life.
If the sp keeps dropping, I will be buying.
Kind regards, Wack.