The information on this slide shows clearly the event schedule which will drive SP expansion - the resource update due in the first quarter and it should be viewed through the lens of slide 21 - if the average gold price is > A$2100, then the size of the project goes from 1.45m oz to more then 2m oz gold ..... already 40% of production has been hedged for then next 2 years and the possibility of the POG remaining > A$2000 looks strong. It seems that everyone has forgot about RED's likely promotion to the ASX300 .... and its effect on the amount of institutional presence on the share register. Speaking for myself, I wont be coughing up my shares until the FFS is presented OR some entity makes me an offer I cant refuse. Go RED !
RED Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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