RSG 5.76% 73.5¢ resolute mining limited

Ann: Quarterly Activities Report, page-54

  1. 1,205 Posts.
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    You are a broken record Colinoscopy!

    Can you read? “Start up capital” does not equal “Total capital”.

    And US$95m is clearly identified as the capital requirements of the Syama Underground Mine over the “next 18 months”. Phase 1 etc. This was subsequently clarified and has, on many occasions, been completely reconciled by RSG. The US$95 capital budget was for a period from 2016 through to approximately the end of 2017. The total Life of Mine capital is more than a billion dollars. Do you expect RSG to find that with cash in hand at the moment of FID in 2016?

    It is a block (or sub level) cave - the capital is front ended. You can not build a rock factory without investment.

    Get over it - the capital budget is largely on track. The problem currently is the ounces and the roster.

    As you say if they get that right, and I think they are and they will, then RSG will soar.

    Personally I find JW honest and extraordinarily direct. Have you, as I have suggested, contacted him to make the accusations you make here in person? I, and others here, have and I find his answers to be useful.
 
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