RNS 0.00% 6.7¢ renaissance minerals limited

anybody following this one?, page-7

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    As a follower of GPR (Copper/Gold with mega gold and silver grades and similarly capped at $20m), and having been to Cambodia, I quite like the country/feel and agree with your sentiments.

    On RNS, a quick scan of the latest presentation doc shows it has good grade around 2.8 to 3g/t for the first 1m oz Resource at a 1g/t lower cut.

    Subject to power cost (it needs fine grinding) and waste/ore strip ratio much of that should convert to reserve I imagine. Contrast that with say, GRY.....

    Beyond that, it is in one hole so additional lower grade would probably work subject to strip ratio and opex at that future time.

    Looks good value at these levels however.
 
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