News: RSG Resolute Mining Signs Agreement To Develop New 40 MW Solar Hybrid Power Plant In Mali, page-12

B2Gold and Iamgold also are into this sort of power generation scheme, so not totally novel.

RSG will not have it fully operational until 2020, or possibly later. So ASIC will be much higher than USD746/ounce for at least another two years.

In the meantime they have to prove they can meet FY2019 targets, which I very much doubt, plus find the money for the upgrades at Ravenswood (over $100m in FY20) finish funding Syama underground and the capex at Tabakorini, plus Bibiani.

We are years away from clear sailing.

I hope JW gives up on becoming the 21st century General Gordan of Khartoum/Cairo.

What will the Fed do in 2019? Slow down/end rate hikes? I dunno, but it clearly will be a key factor on where the USD POG heads and if we can look forward to RSG getting under 90 cents.

JW has not explained how he will achieve FY19 AISC and production guidance after missing badly in Q1. Without a major drawdown of gold in circuit I can not see the targets being met. Ore from Tabakorini will help boost production, when its mined.

loki