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Names little

19,352 Posts.

1474

01/12/24

13:54

Post #: 76862011
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Originally posted by Bishkek2017: ↑

Well Names little the reason that the Siviour project is so competitive even with high wages in Australia is that the ore body is horizontal and contiguous allowing for a low stripping ratio of ore and waste.
If you look at other projects the ore bodies are more to a vertical insitu and have high stripping ratios. It doesn't take a genius to work out that if you have to dig up more waste to get to the ore then the mining cost will increase. This flat lying ore body is the one of the reasons I invested into RNU.

I think you will have to do a bit more research and come up with something else to be negative about the company, but to be honest, you have had enough false starts already and should just move on. I believe most people on this forum have your measure, primarily because your really not that smart.

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Hi Bish, how do you think they have treated the cost of the low grade stock pile, have they capitalized that until they eventually get around to processing it?

Also, is not most of the cost incurred in processing, rather than mining?

RNU Price at posting: 6.6¢ Sentiment: None Disclosure: Not Held
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Last 5.6¢		Change 0.000(0.00%)		Mkt cap ! $142.4M

Open	High	Low	Value	Volume
5.5¢	5.9¢	5.4¢	$170.2K	2.999M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
2	155196	0.056
1	5000	0.055
3	102500	0.054
2	50000	0.053
7	687999	0.052

Price($)	Vol.	No.
0.058	9507	1
0.059	306046	2
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0.061	200000	1
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