The info is from the recent investor presentation where they state that though the JORC for that high grade zone is 83000 oz based on CUT samples, this gives a substantial understatement of actual amount of gold, basically it gives the absolute minimum that should be there.
If using UNCUT measurements - which given the number of samples returning high grades is more realistic, there modelling is that there is 270K ounces in the high grade zone. They stated that they will be aiming to begin underground mining shortly and will dig up and process the high grade zone over 12 months. They gave the cost estimates I used. They do seem fairly low though remember that the high grade zone is not that much ore even though there is a huge amount of contained gold.
The challenge is to find more gold to continue operations into the future.
- Forums
- ASX - By Stock
- RMS
- 2nd quarter activities and cashflow report
2nd quarter activities and cashflow report , page-10
-
- There are more pages in this discussion • 7 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 RMS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.32 |
Change
0.040(1.75%) |
Mkt cap ! $2.652B |
Open | High | Low | Value | Volume |
$2.28 | $2.32 | $2.28 | $1.862M | 809.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 101607 | $2.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.32 | 115734 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
41 | 96331 | 2.310 |
40 | 168038 | 2.300 |
21 | 152417 | 2.290 |
14 | 64858 | 2.280 |
10 | 75782 | 2.270 |
Price($) | Vol. | No. |
---|---|---|
2.320 | 120475 | 21 |
2.330 | 104435 | 15 |
2.340 | 88237 | 13 |
2.350 | 411259 | 25 |
2.360 | 106318 | 7 |
Last trade - 11.33am 16/10/2024 (20 minute delay) ? |
Featured News
RMS (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online