RED 0.00% 37.0¢ red 5 limited

Regarding production rate They are "feeding 2267 tonnes per day"...

  1. 33,547 Posts.
    lightbulb Created with Sketch. 1750
    Regarding production rate

    They are "feeding 2267 tonnes per day" lets say thats at a lower grade of 2.2 grams a tonne (0.071 ounces) as mention is made having difficulty accessing higher grade ore the pit average is 2.5 gram a tonne.
    so about 144 ounces a day using a 90% recovery or 53K ounces per annum so well under the 75k oz per annum for the 12 months to June 2013 as shown in the November Wilsons presentation, but higher than the 3K to 5K oz pr quarter some on here are projecting.

    I dont mind being corrected so would like to know why there is a big discrepacny between around 13K ounces a quarter I get and the 3K to 5K ounces others on HC estimate. Possibly I am guessing I am using 100% availability for tht 2267 tonnes per day and other posters are using a lower availability level ????
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
37.0¢
Change
0.000(0.00%)
Mkt cap ! $2.516B
Open High Low Value Volume
38.5¢ 39.3¢ 36.8¢ $11.13M 29.50M

Buyers (Bids)

No. Vol. Price($)
32 2477379 36.5¢
 

Sellers (Offers)

Price($) Vol. No.
37.0¢ 582841 3
View Market Depth
Last trade - 16.10pm 04/07/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.