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7.3¢ red river resources limited

Ann: Far West recoveries exceed expectations, page-30

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Zeeshan

7,653 Posts.

618

27/03/19

15:05

Post #: 37901992
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Originally posted by wassa: ↑

Zeeshan,

Over the full Life of Mine I believe it will show as being low cost for the size and type of the operation it is........small underground operation.

It has also been profitable as reported in most quarters. The profitability should continue to increase towards the end of mine life ie diminishing development spend. Obviously a number of variables can alter this, mining conditions, weather, safety and largely commodity prices.

We should not confuse West 45 profitability compared to cash spend on the entire project which is another discussion.

Expand

so how are you going to fund/ develop/ explore and mine waterloo and liontown?

you said that not long ago that West 45 mine is almost end of its life. so you will have one mine Far West funding Waterloo? then water loo will fund liontown.

see the pattern?

RVR Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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