RED 4.10% 31.8¢ red 5 limited

Ann: King of the Hills set for stronger March Quarter, page-12

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    A very pleasing outcome, especially when they lost of time with issues at the start of the quarter.
    I think they will hit 45k+ for the quarter, which, with all the costs being reduced, means they will see a positive quarter and be able to pay down debt etc as required. Could even be higher if the plant hits its straps for Feb/March. The Darlot U/G ore is really making a difference to the overall grade, I wonder if they can hit 1.4g/t with the open pit grade increasing....
    1.25mtpa per quarter, 1.4g/t, recovery of 93% - 52,500 ounces.
 
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