hey Spec,a lot of good and bad drinks have been had since the...

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05/07/23

14:25

Post #: 68634263
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Originally posted by speculator101: ↑

Whoa... slow down MIS.
Yes, it was a great announcement, and I am as happy as everyone else that they produced a crap ton of gold, but.... REDs biggest issue is past performance. It takes time.... lots of it to rebuild their very unpolished past. I would just be happy to see RED producer 50k per Q for the next few years.
Expecting 250-270k+ is a mistake and you are just going to be let down. The DFS never projected anything close to those numbers, even with the 20% increase in throughput from the plant. Yes... Darlot ore was not included in the DFS, but.... expecting Darlot to be hitting it out of the park, is also un-reasonable, surely you have not forgotten how poorly it performed in years past?

Darlot is likely doing a lot better, because... the pressure to produce 80k+ p.a is no longer there. Anything close to 40k is more than enough as a higher grade kick to KOTH.

Anyway, the quarterly is going to be an interesting read. Just how much cash has RED been able to skim, whilst paying down debt, creditors and anything else they hid away until now.

As for valuations, if RED can run KOTH at 90% of CMMs Karlawinda project, then a similar market cap to CMM seems more than reasonable, especially when you look at GMDs (Frankenstein of assets) valuation.

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hey Spec,
a lot of good and bad drinks have been had since the FFS. FFS was using metrics of processing 4Mtpa. It has now gone up 37% to 5.5. Crusher was always capable of 6Mtpa.
Also all of the drilling has confirmed if not bettered what is in the hole.
I don’t see how 250kp/a isn’t feasible.
Like you I am also interested in quarterly to see more devil in the detail.
People wondering why the share price has gone up recently, announcement confirmed why. It will settle and continue rise. Each monthly builds trust.

RED Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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hey Spec,a lot of good and bad drinks have been had since the...

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Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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