Yes, would be good for Tower Hill ore to be processed at KOTH, the point I'm making is that KOTH is at capacity and couldn't cope with anymore throughput now. RED's forecasted production is solid till 2029. I'm not sure if it drops off because of a drop in grade or increased strip ratio, none the less, it doesn't make sense to feed in Tower Hill ore before then. Even if Tower Hill was ready before, I think the ore would be stock piled. RF will be waiting for a bad quarterly from RED/SVM to make a move. There's no point paying overs for the mill now when it's not needed for another 4 years.
He'll go full steam ahead developing Tower Hill using the DCN mill as a bluff.
Let Luke have a little win for now. RF will take advantage when RED production drops, discounting the book value of the mill.
SVM might want the money to expand Sugar zone by then, the numbers will look great at $3,000usd/oz.
LT saves face and RF gets LT out of Lenora
Ann: Growth strategy underpinned by robust Reserves, page-17
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