As the next big announcement is the PFS, it is worth considering what to expect.
The Scoping Study variables included:
-480k T/pa throughput -569k ounces gold produced -POG $AUD2,450 - Total revenue $1.394b
During recent presentations RR has indicated a 750k T/pa plant. If we assume that the 50%+ plant expansion Vs the Scoping Study results in as little as a 25% uplift in production in the PFS compared to the Scoping Study we can arrive at something like:
PFS -711k ounces gold produced -POG $AUD3,300 - Total revenue $AUD2.346bn
No matter how conservative you are in assessing the prospective numbers, the PFS numbers are going to be materially better than the Scoping Study metrics. An additional $1b in LOM revenue provides a considerable amount of cash flow to fund additional capex and operating costs.
RXL Price at posting:
16.3¢ Sentiment: Buy Disclosure: Held
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