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loki01

11,124 Posts.

632

30/09/14

11:08

Post #: 14047889
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Originally posted by tastarga ↑

Loki01,

had a quick look at RVR report. Fosters seem to jump straight from the Resource and virtually assume that will be the Reserve. It will not .
How much of the Resource gets converted into a Reserve is the main question and one I am a bit cautious about. The deposit has been mined before and there is no guidance as to how much of the Resource can be extracted economically or whether portions have effectively been sterilised. It is probably a similar question being asked at other historic operations such as Woodlawn.
I have no experience with Thalanga and cannot give any meaningful opinion other than be cautious for the time being.

Cheers, TAS

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Thanks Tastarga

I expect RVR will become another traders' delight as they get closer towards production next year.

loki
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0 Great analysis

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