Latest Update on Rand's gold position. Looking at the cashflow statement they have sold about 1,000 oz this quarter leaving 1,215 added to the Perth Mint balance. As I see it you are still getting their share in the EKJV for free. As discussed in recent posts this could be operating for at least another 3-5 years (based on reserves and exploration success).
Opening Balance: 1,682oz (19 Oct 2018) Dec Qtr 2018: 6,840 oz Mar Qtr 2019: 8,618 oz June Qtr 2019: 8,530 oz Sept Qtr 2019: 6,254 oz Dec Qtr 2019: 5,873 oz Mar Qtr 2020: 1,761 oz Jun Qtr 2020: 1,215 oz Perth Mint: 40,773 oz
Stockpile: 92,109t @ 4.49 g/t for 13,296 oz (contained in ore or perhaps 12,230 oz assuming a very conservative 92% recovery)
Total Gold: 54,069 oz (or 53,003 oz recoverable)
Recoverable Gold Value: A$145.2m (Using A$2,740) or $2.42 per Rand share in gold (excluding transportation and processing costs on the stockpiled ore)
RND Price at posting:
$2.38 Sentiment: Buy Disclosure: Held
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