RE:RE:RE:RE:Some thoughts on EQT...Overall, from previous news releases and laid out plans by management, Equitas had two plans : production via gravity plant or through Carbon-In-Leach plant. Manangement was expecting around 45 - 50% recovery from gravity separation process (theoretical number) and around low 80% from carbon leacing process. Since, gravity process recovery was so low, they decided to directly shift to CIL plant which showed great recovery in >90%. Why unencessarily waste valuable gold that can be recovered through another process ..
I hope these folks can spend below USD $ 2 million capital budget on their CIL plant. Looking forward to drilling assays and cartesian fund closing.