RSG 7.27% 51.0¢ resolute mining limited

It must be rocket science As so many can't understand. All $180...

  1. 8,033 Posts.
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    It must be rocket science
    As so many can't understand.

    All $180 million cash and $178 million debt
    Have gone on the underground.
    Plus more when you think almost 600 k oz
    Produced over the last 2 years have been for nought.

    The underground mine is feeding the sulphide plant only.

    September report stated that it was a milestone to be using stoping ore
    and cave ore was to be added in December.
    It also stated after the roaster shutdown
    That improvement in recovery rates were already being seen.

    To then produce 21k oz is absolutely poor.
    Shockingly low, incredibly disappointing.

    To not think something is wrong is to ignore the facts.

    Cheers
 
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