No I do disagree with you strongly on that Red - $100 per ounce has to be conservative.
Open pits, shallow resource, high per metre presence - nuggety, preliminary recovery analysis indicates easily treated oxide ore.
Gross margin might be significantly higher say $200+ per ounce but sentiment can be a "cow", share price doesnt necessarily have to reflect whats in the ground.
I dont think it will get all the way down to 14c by the way, the major shareholder probably wont let that happen.
Heading south, page-5
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7.4¢ |
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