RE:RE:RE:RE:RE:RE:RE:RE:Record Q3 Production 2952mtSome may be seeing this as steady-as-she-‘goes’ where I am seeing it as ‘steady’-as-she-goes (jokingly)
I feel like we may be just a little too tough on our ‘debt free’ company – sp-wise but do agree that, operationally, we need to always ensure that ‘its’ production/expansion efforts don’t just meander down some depleting arroyo. Pushing it here as it was MS, himself, who claimed centuries left of life to the Menchen mine and that even if Largo only did what they are currently doing that , such, would be great business.
On the Global recovery front:
“With regard to the global recovery rate the 78.1% in Q3 is not bad but nevertheless it represents a decline in comparison to Q2 (79.1%) and Q1 (80%). In June 2019 the global recovery rate was 80.9%. What has happened since June to cause a decline in Q3? “
First, one may want to add: and 77.1% in Q3 2018 to the above argument…as it makes it more reference-complete
Perhaps the recovery story has to do with the ; “Lower grades seen in the crushing feed are primarily due to processing lower grade weathered ore stockpiles built up during the first years of the operation”… such that the Global recovery (product of crushing recovery, milling recovery, kiln recovery, leaching recovery and chemical plant recovery) fell slightly under …?
On a somewhat clos- adjacent point… did Perles’ point bear any accuracy … “we expect upward pressure on vanadium prices globally as Chinese consumption continues to expand with limited supply increases possible in the near term causing further depletion of inventory and further tightness in the market.” ?
If such were to be true, I do believe that all this smiting on the global recov front, would be small potatoes – although granted potatoes, too, do wonders to the overall stew…
KHA, very respectfully, you appear somewhat peeved with these results were as I am happy to read that no major ball has been dropped - as we inch onto the ‘free-at-last’ phase…Sure, I wish the pr read something from a Disney film.
Let’s hope that the COO side of Mr Misk is able to IMPROVE the operational efficiencies (mine/process optimization) – including those discussed above – and, with his brand new CEO hat, can find ‘other’ ways of bringing more peanuts to the bowl (more mining productions, more uses, more clients…better deals…). Going to assume that Vollant is supporting the latter and is hurriedly discussing (& even negotiating) with all sorts of potential clients (variety of contract types…depending on the clients, demand, etc) ??
I want to principally be assured that we are ‘ready and able’ to work this non-G thing on our own as the mine operations front appears to be proceeding +/- on the ‘steady’-as-she-goes way…
BUT, how will we know that progress is being made in this front? Do we even have enough mine production to suffice future demand? … the forthcoming/nov. conf call will reveal some of this…perhaps??
do i buy more or continue not to sell any ...lol