RSG 5.50% 51.5¢ resolute mining limited

You’ll be embarrassed, don’t worry. Just look at how the $4.3...

  1. 12,259 Posts.
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    You’ll be embarrassed, don’t worry.

    Just look at how the $4.3 billion market cap NST you mention is playing smoke and mirrors at the moment. The market has rehypothecated their WestGold purchase 10 times over because it responds to the BB BS trumpet call without questioning a thing. The analysts lapping it up are suffering from a lack of air up at those market cap dizzying heights. Transparency is all gone since they started grouping all their Kalgoorlie mines under the same umbrella. Believe their long run AISC forecasts at own risk, I say. Just look at how their cash position is going, no point increasing production if you aren’t putting cash away for shareholders at a rapid rate.

    Let’s compare what really matters for the future, the quality of resources.

    RSG

    Syama Deposit 5.7 million ounces at 3,2g/t

    NST

    Jundee 3.2 million ounces at 4.3g/t

    Kanowna 1.4 million ounces at 2.7g/t

    Carbine 0.5 million ounces at 2.0g/t

    Kundana 100% 1.3 million at 5.3g/t

    Kundana EKJV 1.28 million at 6.4g/t

    Paulsens 0.2 million ounces at 3.7g/t

    Ashburton 1.7 million at 2.4g/t

    Tanami 0.7 million at 2.8g/t

    None of NST’s projects are Tier 1. Jundee is just borderline on an accepted meaning of the words “world class” for gold deposits. What remains are a hodge podge of aging mines and run of the mill gold deposits

    Syama has more resources than Kanowna, Carbine, Kundana 100%, Kundana EKJV, Paulsens and Tanami combined. Now that’s world class. Once we get a calculation for the nearby Nafolo deposit, Syama globally will likely have more gold than all of NST’s mines combined (excluding Jundee) and that’s just one of RSG’s resources.

    The future belongs to RSG and you come here with all this rubbish about the mine being in trouble. Do you think if RSG had have borrowed US$350 million, like AQG did to build its sulphide operations, it would be in trouble?

    Keep bringing the fiction. Everyone likes a good story. Esh
    Last edited by eshmun: 26/06/18
 
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