LRL 0.00% 1.6¢ labyrinth resources limited

This is what they want to mine minus what RMS took. I got...

  1. 7,554 Posts.
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    This is what they want to mine minus what RMS took. I got curious because I figured Ramelius wouldn't leave much ore behind, but I didn't read the ANN properly. RMS went after the UG ore and LRL are going after the OP ore by doing a cutback which the higher gold price could support.

    https://hotcopper.com.au/threads/ann-ramelius-to-commence-stope-production-at-vivien-rms-ax.2790182/?post_id=18024126
    https://hotcopper.com.au/data/attachments/6319/6319141-d5f06a1c9a463a7b1c1114d7d11e6ca6.jpg


    The green shapes below are the UG mining reserves RMS left behind. The model above looks a bit "smeary" (i.e. high grades smearing into what might be lower grade areas which can overstate the grade) which could explain why they left mining "reserves" in the ground. All just conjecture on my part.

    https://hotcopper.com.au/data/attachments/6319/6319144-d25cf0d85489b2a03dc69be282a21881.jpg
    https://www.rameliusresources.com.au/vivien-gold-mine/
 
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