Anybody want to recalc the reserve numbers based on current metal prices and achieved recoveries?
Copper(USD$3/lb) - current price of USD$2.75/lb
Lead(USD$0.90/lb) - current price of USD$0.97/lb
Zinc(USD$1.00/lb) - current price of USD$1.14/lb
Gold(USD$1,200/oz) - current price of USD$1,240/oz
Silver(USD$17/oz) - current price of USD$15/oz
Reserve exchange rate (0.85) - current exchange rate of 0.74.
Will we see a downgrade to the reserves for RVR if the trend continues or is it balanced out?
Or it might mean the mining sequence is adjusted slightly to mill higher grades and stockpile lower grades?
- Forums
- ASX - By Stock
- RVR
- What is going on!!!
What is going on!!!, page-39
-
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RVR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online