GJ I doubt if they can pull off 16k oz. Red forecast 7-10k. Processing shut down for 30 days. Therefore if they get the plant cranking and process 140t total before and after shutdown then we might be looking at 11/12k oz. Costs will be up due to shut down expenditure. Hopefully ore stockpile is substantial and waste from the east wall has reduced. Since the start of the year Gold price up around 15% and AUD only up around 7%, this is a nice little positive. Like you I think the June quarter will be a thumper.
Ann: Change in substantial holding-RED.AX, page-24
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