RED 2.70% 36.0¢ red 5 limited

Can't see anything new here. Everything in this has already been...

  1. 748 Posts.
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    Can't see anything new here. Everything in this has already been declared in previous announcements. The Q report due out next week will be the interesting release. The target has been over 1 mil tonnes per annum through the mill. We should mine in excess of 250,000 tonnes this Q. Number of oz of gold will be determined by head grade. Considering the drive development that is going on this probably be a bit low still. Maybe between 26,000 and 27,000 oz. Should be close to the high grade ore in Oval by now. Burswood should be getting interesting. Hopefully this should come into production shortly.

    I would like to see progress in the heap leach project. IMO this is an exciting. Potential to produce a significant amount of gold.

    The cash flow report will be a bit of a puzzle with the deferred invoice payments and the gold loan. All will be revealed next week. Anyway as they say in the classics, onward and upward. Or in the case of UG mining, onward and downward. 

 
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