RED 12.3% 32.0¢ red 5 limited

counting down to a new baseline, page-3

  1. 107 Posts.
    GJ,

    Its a good point actually, they now have a very large amount of data suggesting the reserve is outperforming the model on both grade and tonnes. This ought to be put into the model.

    Could have some quite big ramifications.

    Clearly the mining costs ought to be able to be brought down significantly too - this will also play a big role.

    I don't want to get carried away however, because management have generally been cautious so far.
 
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