Good call nordesmic.
At less than 1g/t RRL has to be extremely efficient operators (along with their contractor MACA) to be profitable, especially in what is still a high cost domicile despite the falling AUD.
I recall BB from NST quoting in a previous presentation that the low-cost bulk miners day's in the sun were over given the current POG and it would be the higher grade, smaller volume operations that would take their place.
Am I recalling correctly that your recent report made note of the COO leaving who was regarded as a mining guru? If correct, maybe this announcement reflects his loss of talent.
There's always a point to re-enter but IMO it is not here.
Cheers
John
Ann: Operating Update, page-3
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