RSG 0.72% 69.0¢ resolute mining limited

syama ramp-up

  1. 324 Posts.
    lightbulb Created with Sketch. 115
    Not wanting to rain on anyone's parade , but i understand that things are NOT going well at Syama.
    Equipment problems ( esp grinding mills) , staff turnover and difficulty in attracting skilled staff, plus continued technical glitches may make the Syama ramp up both protracted and difficult .
    In addition, this is only the oxide part of the plant I am discussing. The sulphide circuit, and associated roaster commissioning is technically more difficult and hasn't commenced yet.Remember, 2 previous companys, both bigger and with more technical clout, have4 had a crack at Syama.
    By all means buy RSG if you feel it is worth it based on their other operations, but I would council caution before counting in a large Syama gold contribution just yet.
 
watchlist Created with Sketch. Add RSG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.