REZ 6.38% 2.5¢ resources & energy group limited

Ann: First Gold Pour Expected at East Menzies this Quarter, page-17

  1. 3,931 Posts.
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    "what's good here, is early gold revenues will provide $$ for gigante grande drilling and resource definition".

    Exactly - from the quarterly, "Cash profits generated from the vat leach project will be used to fund the development of a modular 120ktpa Carbon In Leach (CIL) gold production plant to treat fresh ore from both Maranoa and Goodenough. Gold production from this phase is expected to be significantly higher than the vat leach project."

    Decent short term cash flow means less of a need for CRs. A growing producer at $10m MC, really like this.

 
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