Sorry about the delay spectator101 but thought I would refresh my memory so I had to brush up on a few facts. SBM purchased Tarmoola in late 2005 off Sons of Gwalia. The PoG then was A$650. In mid 2006 they declared a resource of 35m tonnes @ 1.2 g/t for 2.1 million oz. In late 2006 there was a feasibility study to upgrade the mill from 3.5 mtpa to 5 mtpa. In early 2007, with the PoG at A$780 , they decided that Tarmoola was not commercially viable so the project was shelved. IMO the cost of cleaning up the east wall slip and associated east wall cut back would have been prohibitive.
My reason for mentioning this up was to reinforce the case for a 6 mtpa mill. If SBM were ready to refurb their mill to 5 mtpa in 2006 with a resource of 2.1 m oz then Red will certainly be able to accommodate a 6 mtpa mill with their recently declared resource.
- Forums
- ASX - By Stock
- RED
- News: RED Red 5 Ltd Says $125 Million Share Placement Completed
News: RED Red 5 Ltd Says $125 Million Share Placement Completed, page-47
Featured News
Add RED (ASX) to my watchlist
|
|||||
Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $2.891B |
Open | High | Low | Value | Volume |
43.5¢ | 43.5¢ | 41.5¢ | $11.42M | 26.92M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 222136 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 1437793 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 222136 | 0.420 |
24 | 1574200 | 0.415 |
20 | 1188910 | 0.410 |
9 | 346586 | 0.405 |
16 | 422698 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 300000 | 3 |
0.430 | 1951130 | 21 |
0.435 | 906856 | 16 |
0.440 | 1629209 | 29 |
0.445 | 1133743 | 14 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |