Hi Nordesmic,
I agree. This is excellent.
Reserves have increased 17% for RRL and Resources 7%.
Importantly, as you state, the grade of Tootheys @ 1.61g/t is much higher than the Duketon global reserve grade of 1.09g/t. The displacement of lower grade ore over the next 4x years will add 30k oz of production to the profile.
I would think that a very high percentage of this incremental revenue (A$51m p.a. at current spot) will land on the bottom line as the mining/ milling costs will remain the same and the additional trucking distance is only 2.5km.
Market yawns.
Cheers
John
Hi Nordesmic, I agree. This is excellent. Reserves have...
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Last
$4.21 |
Change
-0.150(3.44%) |
Mkt cap ! $3.181B | |||
| Open | High | Low | Value | Volume |
| $4.30 | $4.35 | $4.18 | $8.846M | 2.088M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3008 | $4.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.23 | 5404 | 2 |
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| Last trade - 16.12pm 25/07/2025 (20 minute delay) ? |
| RRL (ASX) Chart |