The good thing about RRL is the proximity of the three operations in the Duketon area. That gives flexibility to supply ounces where they are most needed. Baneygo is next to both Garden Well and Rosemont for example. The grades at Baneygo and Toohey's Well look like they will be higher than the reserve grade of 0.9 g/t at Garden Well. If they can prove up a few hundred thousand ounces at say 1.5 g/t from these deposits that could really boost future production from GW.
Gloster drilling this quarter will also be interesting. Moolart Well has the shortest mine life and is also very low grade. Gloster has the potential to double the mine life and increase grade.
RRL Price at posting:
$2.06 Sentiment: Buy Disclosure: Held
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