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re: Ann: Siana gold mine - production and cos... Hi, I only...

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  1. APJAPJ
    1,197 Posts.
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    01/03/12
    13:10
    Post #: 9777101
    re: Ann: Siana gold mine - production and cos... Hi,

    I only started following RED about 3 or 4 months ago... after the electrical issues.

    I find the financial figures hard to believe... doesn't this project have:

    - a mine life of over 10 years
    - costs of say 400/oz
    - production of 75000

    At 900/oz thats a 38m per year
    At 1200/oz thats a 60m per year
    At 1700/oz thats a 98m per year

    Good luck to all holders...

    RED Price at posting: $2.32 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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