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...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$4.46 |
Change
0.040(0.90%) |
Mkt cap ! $3.370B | |||
| Open | High | Low | Value | Volume |
| $4.52 | $4.60 | $4.44 | $19.23M | 4.272M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 113 | $4.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.48 | 33187 | 3 |
View Market Depth
| Last trade - 16.20pm 23/07/2025 (20 minute delay) ? |
| RRL (ASX) Chart |