I'm like many today. It's an OK report. I took a profit leading up at $1.79 last week and kept about about 30% (70K shares). As many would know I'm a long time follower and supporter of RSG.
The sulphide recoveries and reasons attributed sound a little contradictory. Will be watching closely as the sulphide operation needs to be above 80%, especially as it appears the Tabakoroni oxides are running out now. I was searching the web the other day regarding the sulphide metallurgy and found an old (2010) Etruscan report (previous owners) that reported recoveries below 70% for a grind-float -roast - leach scenario. So overall wouldn't be any better than Syama.
Still not convinced Ravenswood is a winner!
Got to get those recoveries up at Syama to be the low cost producer it wants to be.
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Price($) | Vol. | No. |
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