I am a happy holder of RSG. A well managed company with a great...

I am a happy holder of RSG. A well managed company with a great future in my view.

However I will point out a couple of time line issues in the latest report.
In the Q2 report, the incline was going to break out into the box cut in the March quarter.
In the Q3 report, the incline will now break into the box cut in the September quarter.

In the Q2 report, the stage 2 Project 85 commissioning was to be in February.
In the Q3 report, the stage 2 project 85 commissioning is now in April.

This also pushes back the major shut down for the roaster as the stage 2 project 85 is required to keep the plant processing non refractory sulphide ore during the roaster shut down.

So in addition to the 20koz production miss, there are some project misses in this report as well. Nevertheless, the project does look largely on track. The company is well managed. If extra finance is required to complete the development, it will be easy to obtain. And RSG is only 6 months away from turning a mine that other companies could not operate at a profit into a low cost, long life, tier 1 asset. A considerable achievement.

Cheers,
Tim.