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8.8¢ renascor resources limited

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riseabove

1,979 Posts.

651

24/06/21

11:29

Post #: 54038695
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Originally posted by Sweetsound: ↑

The only downside, if you can call it that, is that by increasing production, the 40 yr mine life will be reduced - in mining usually a lot of emphasis is placed on mine life. However, I'm not concerned, as even a 20 or 30 year mine life is a very long time - and may be subject to being increased anyway by more exploring in years to come. Plus of course a lot can happen in the meantime - some good, some may not be so.

Whilst production obviously a while away with hurdles along the way, if all goes well, I don't doubt that this company will make a lot of money - a lot.

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Good point but also don't forget that this deposit can be easily (IMO) drilled out to increase the contained tonnage. The only reason the co. stopped drilling was to conserve cash to advance the development, FS's and processing testwork.

Last edited by riseabove: 24/06/21

RNU Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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Last 8.8¢		Change -0.002(2.22%)		Mkt cap ! $223.6M

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Price($)	Vol.	No.
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0.092	44972	2
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