Do the sums, 8 million ounces diminishing at say 350,000 oz per year equals a long life of mining for RRL. DYOR....GLTA..H.
You don't mine resources H, you mine reserves.
If the gold price drops to $900 say, the resources will still be 8 million ounces but the reserves will be zero - because none of those 8 million ounces can be extracted profitably.
If you do some sums, you should be doing them on a correct basis - not on a flawed basis.
RRL Price at posting:
$1.29 Sentiment: Buy Disclosure: Not Held
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