RED 8.20% 33.0¢ red 5 limited

IMO the placement of this potential new mine between Darlot and...

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    IMO the placement of this potential new mine between Darlot and KOTH will be the key to its success. At 80 km from Darlot the trucking of 2.6 g/t open pit (hopefully lower cost) ore should be profitable, considering that we are trucking 3.5g/t under ground (more expensive) ore 125km from KOTH to Darlot. KOTH is much closer at 45 km so I suggest that the open pit ore will be better off going here. Not sure on the time line of developing the open pit but it would probably be not too far removed from the commissioning of the new processing plant at KOTH. Might be a good source of initial feed for this new plant. Plenty of flexibility.
 
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