Hey Joel, what do you think.... a total reset on the project? Just go for a bulk U/G at both the main pit and at Discovery Ridge?
Perhaps with a much smaller open pit, smaller plant, smaller tailings damn smaller upfront capex etc..... Say 3mt per annum at 2g/t (at 90% recovery) for a 175k p.a which is literally exactly the same as the open pit project. Production costs might be slightly higher, but, mine life could closer to 15 years.
RRL need to think outside the box if the Government is going to keep stuffing everything up.
I genuinly think RRL is a huge target now. Could not get more negative sentiment on it (I don't love the stock). They could prob sell McPhil for $50m and see a huge bounce in the share price.
Any thoughts on where the SP might bottom? I guess I have been dipping my toe in around these levels because.... the company is basically valued at Tropicanna, with all of Duketon and McP for free.
RRL Price at posting:
$1.57 Sentiment: Hold Disclosure: Held
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