RED 0.00% 34.5¢ red 5 limited

Quarterly comments, page-21

  1. 12,006 Posts.
    lightbulb Created with Sketch. 6774
    dr spok, just wondering if you have any thoughts on what the LOM will show when its revised at the end of September?

    From the last no-stuff up period, they thought they would get 8 years of open pit at approx 75k ounces.

    I imagine the open pit life will be a fair bit shorter, perhaps 4 years? Just trying to gauge how good/bad it will be. I get the impression that by already looking at exploration (before a couple of quarters of solid production have been completed) already focusing outside the pit, that management see this as an important focus.

    While I agree with your numbers, except for now, I will just assume that gold continues to struggle for some time, REDs E/V is low, there seems to be less risk that 18 months ago, BUT... REDs past is so terrible I am loath to buy a share, even if it could one day go back to my initial buy in price... gulp, $2.00.
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.