RED 1.45% 35.0¢ red 5 limited

Definitely not an optimist but a realist. I’m only using the...

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    Definitely not an optimist but a realist. I’m only using the figures on the quarterly report and the presentations.

    The mill in the report even mentioned running to 1000 tons per hour rather than the 600 I used. The MC for Red is 600 m. At CMM, the MC is 1.4 billion and the production is 120000 oz. Their AISC is 1112, so quite low. Red is allowing for 1400-1500, so quite conservative in my opinion.

    Overall, the September quarter would be reliable guide. Hope the profits will be better than CMM as Red production will be doubled.

    The profits are already up on the last quarter will KOTH only operating in June.

 
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