RED 6.25% 34.0¢ red 5 limited

Mine plant etc cost about $87 mio,plus they have probably...

  1. 225 Posts.
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    Mine plant etc cost about $87 mio,plus they have probably sunk$20-$30 mio in deferred mining cut back and pit costs.All this has now been paid for by us shareholders and we have a $25 mio loan to pay off over time.
    We are comming up to the drier period for the next3/6 months and surely they can reach their 6000 ounce per month target over the current June quarter.
    This may well by then be seen as a mega buying opportunity.
    This sould be a very low cost mine by then IMO.
 
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