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7.3¢ red river resources limited

Ann: RVR grows Hillgrove Resource to 1MozGold & 90kt Antimony, page-28

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VYR

4,680 Posts.

3028

29/07/21

15:03

Post #: 54873510
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Originally posted by VYR: ↑

The interesting number for me in that is the cut off grade which gives us an indication of the break even cost.

If the Thalanga experience of a 15.2% resource delivering an average of 10% ore for processing i.e. 66% is indicative of what can be expected then the 4.5G/t resource should cover the costs which leaves the 1.2% Sb to provide the profit. Assuming the grade that is finally delivered for processing is 66% i.e. 0.8% and all the mining and processing costs are paid for by the gold then the only cost will be T & R and T & S .

250KT at 0.8% = 20 KT of contained SB . If they recover 86% that leaves 17,200 t.

Using their long term price forecast of us $5650 / t less 20% for T &S and T& R leaves $4520.

So an operating profit of $77.7 m / annum.

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Opps.

The total resource is only 90KT of antimony

The calculations are done at 8% so not as flash as that.

$7.7m/annum

RVR Price at posting: 19.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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