RE:RE:RE:RE:RE:RE:Record Q3 Production 2952mtWell, to me, an record production increase of V2O5 17% over Q2 2019 and 15% over Q3 2018 has significance from an operational-strategic perspective and is a testament of putting one’s $ where their mouth is towards increasing revenue in future.
WRT, Global recovery rates, lest not forget that they were 77.1% in Q3 of 2018 (vs an avg of about 79%) – when – the sp was x2 of today. Lower grades resulted from mixing in the lower grade (1.15%)…in addition to the ‘variability’ during the ramp-up phase.
Cost guidance of $3.3 to 3.4 is ‘an improvement from the $3.45-to-3.65 (full year guidance) . It is at least a validation of steady-as-she-goes
What is not great about being told , in writing, that an additional capacity of about 1000 tonnes of V202 will be reached by October. It means that the expansion project is proceeding according to schedule - in - 'ramp-up mode'. Had we not received THIS validation…then, I would be concerned…
regards and GL2Ls