RED 6.18% 41.8¢ red 5 limited

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    You really have to wonder at some these analyst reports, who write this stuff.

    Deflector last known resource update
    Reserves: Au 0.3 Moz (2.1Mt @ 4.4g/t), Cu 2.8 kt (1.6Mt @ 0.2%)
    Resources: Au 1.1 Moz (3.5Mt @ 9.9g/t), Cu 14.4 kt (2.4Mt @ 0.6%)

    Mill Capacity: 0.8 Mtpa (million tonnes per annum)
    - 5.152 Mt / 0.8 Mtpa @ 92% recoveries
    - 6.44 years
    - 6 years (rounded down)
    Adjust 12 month net of depletion
    = 5 year mine life (without any further drilling)
 
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