RIE 16.7% 0.3¢ riedel resources limited

From memory BWI , is Bond Working Index , that is the energy...

  1. 33,283 Posts.
    lightbulb Created with Sketch. 1689
    From memory BWI , is Bond Working Index , that is the energy needed to grind to a set diameter at 80% (p80) passing through a mesh size , ie 16 would be 16 Kwh to grind one tonne (relatively high number)
    Much of the ore in Nevada is refractory , which is expensive to process in OPEX and CAPEX ,
    Fortunately what RIE has in Arizona looks to be processable by a standard flow sheet , although a bit more complicated in practice than a normal Au CIL circuit in WA .think more along the lines of SLRs deflector Au/Cu mine in the Lower Murchison that unlke most plants , uses a flotation circuit for concentrating the ore into a higher grade substance of both Au and Cu .
    In this case there could also be Zn and Pb to take out for credits (why lose around $US50 a tonne (half a gram of Au eq) in credits by not also collecting the Zn and Pb .
    Maybe RIE could get the ore processed by a local copper miner produce a concentrate and then send the concentrate to a gold miner for final processing through a CIL circuit and do the elution and pouring there ? just guessing on my part .
    Last edited by plough: 01/05/24
 
watchlist Created with Sketch. Add RIE (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
-0.001(16.7%)
Mkt cap ! $5.56M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $724 289.4K

Buyers (Bids)

No. Vol. Price($)
11 10889312 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 8738279 5
View Market Depth
Last trade - 12.32pm 21/05/2024 (20 minute delay) ?
Last
0.3¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
0.3¢ 0.3¢ 0.3¢ 600000
Last updated 13.01pm 21/05/2024 ?
RIE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.