Ann: Quarterly activities report, page-14

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LibertyS

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27/04/23

12:07

Post #: 67478557
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Originally posted by Aimee79 ↑

The Tide is clearly turning… Why Sell?

The upside when this becomes a cash cow is pretty significant… there is a chance the tide is fully out, and now we are poised to rise.

As per Quarterly below…

Mining volumes in the open pit have stabilised at approximately 1.0-1.1M bank cubic metres (BCM) per month. A reduction in costs is underway, with costs reducing as a result of the completion of mine development at Darlot in January, the completion of the KOTH open pit “catch up” plan in February and the completion of construction of TSF5 at KOTH in March.
The site teams continue to identify other areas of cost reduction to reflect steady-state production activities at KOTH.

and…

The record production of 17,550 ounces for the month of March resulted in KOTH’s first month of positive operating cash-flow. With mining to continue on the granodiorite-ultramafic contact primary ore body and a lower steady-state cost base moving forward, Red 5 expects to generate strong positive operating cash-flows

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I would agree…

After digesting the quarterly, and looking at month on month improvements on nearly every stage of mining through to production… we are ramping up well now.

The mill upgrades will take us over 6mtpa… that will definitely reduce asic… and the drilling was exceptional… so we have a very good long term story ahead…. Im happy to hold.

RED Price at posting: 16.3¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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