TSXV:HRE.H - Post by User
Comment by
grammaduxon Oct 23, 2012 2:12pm
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Post# 20514714
RE: Two important points...
RE: Two important points... you are absolutely right
operating costs will be significantly lower than most of us expected, considering the low costs for energy and manpower and the improved recovery rate (like you said, you need to move less rock for the same amount of REO)
here is the link fom 2011 when they first tested new milling technologies:
https://www.stansenergy.com/press-releases/stans-energy-corp-announces-test-results-of-new-milling-technologies-to-improve-kutessay-ii-ree-concentrates/
"4. Increase the TREO recovery above the historical average of 64%."
I guess they really overdelivered, I mean 80% is astonishing
compared to hastings recently announced 70-75%, in that range most other companies are operating