Ok, RSG has moved to 500kozs.....but how does it stay there, what will the following year deliver????
Mako is in decline. Costs are going up, and with the published LOM average production we can expect some volume decline soon.....Investment is required.
Ravenswood is really only on care and maintenance, and the gold price has allowed them to invent a "stage 1" that can cover costs while they kick the can down the road.........If anything is done significant investment will be required.
Tabakoroni is in decline. 180kozs last year as RSG smashed it to the max to help generate some funding to cover their high costs.....That's not going to happen again.......Going underground??......How much is that going to cost??.....Using the Syama model might not be the best idea.
Syama UG is obviously not performing at the level initially hoped. What happens when the current stockpiled ore is gone??? JW always talked about expanding the extraction rates for the mine, no mention of that now........What will the run rate ultimately be??
So at a push they may be able to fund the debt, but that's old stuff, how do they make 500kozs the next year and the next???.....Will the debt be paid off by then???
RSG Price at posting:
$1.13 Sentiment: None Disclosure: Not Held
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