Typical mineral resources style (min res currently owns 66% of RDG) They just get on a do it ...
Further drilling will push the sustainable long term world class resource to probably over 50 years supply Pricing is opaque but both sand blasting and waterjet cutting need alluvial garnet everyday
Waterjet alluial garnet sells for USD 50 to 70 per bag (check out any waterjet manufacturer Q+A section) so 40 bags per ton gives retail pricing of USD 2000 per ton
Sand blasting garnet - customer pays between USD 450 and USD 550 per ton.
The good news here is a majority of production over time will be sold in USD and with the AUD at 62 cents ,this should be a potential big windfall for RDG
RDG Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
