VAU 0.00% 37.5¢ vault minerals limited

Ann: Red 5 2016 Annual Report-RED.AX, page-32

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  1. 1,797 Posts.
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    Obviously areas that were mined in the period were lower grade areas - but these still outperformed the model.

    It looks like it only just outperformed the block model, if it did at all, given RED were forecasting 17,000 to 20,000 ozs for the quarter and only just achieved 17,000 ozs.

    As per my previous post it looks like the result for this quarter has set them back and they will have to lift their run rate significantly if they are to achieve 181,000 ozs from the open pit.

    Maybe they need to send Maxwell in to lift the run rate.
 
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