RED 0.00% 34.5¢ red 5 limited

Ann: Quarterly activities report, page-19

  1. NWL
    287 Posts.
    lightbulb Created with Sketch. 23
    conference call was all very positive.good questions from a couple of brokers.
    The mill is operating way under capacity and still 600t per hour. Been a number of days higher than this. Haven’t introduced the ball mill yet. They want consistency before forecasting.
    @ 600tph it is already operating over name plate
    600t at 1.4g/t, 840g x 24 x365 /28 = 260kozs pa
    That is a big tick.
    Buy on the dips.
 
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