@MIStragic
My assessment is that RED is not as cheap as you make out. The 250-300KOz that you anticipate is a deferred production and so it needs to be discounted. Current production from Darlot and KOTH is much less at 100Koz. Apart from that, you need to make an allowance for future capital expenditure to bring KOTH into its future production status .We do not yet have a FFS (that is coming later this year). Until we see that, any estimates of overall costs are somewhat speculative. Even then do we still have to wait for a DFS after an FFS?
Maybe the current vs future aspects account for much of the current SP?
Ann: Chairman's address for shareholders meeting, page-16
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