RED 1.39% 36.5¢ red 5 limited

Are you for real? I think the last feasibility was in that...

  1. 107 Posts.
    Are you for real? I think the last feasibility was in that range. Maths is simple though - 450ktpa grading 6g/t (which is my view a grade that will be outperformed) * 88% recovery (recovery goes up with grade) = 76kozpa.

    Even at lower throughput but higher grade, you still go over the top end of my cited range.

    And you say I'm ramping when I say 50-70kozpa!!! That is low end.

    If the grade was 8.5g/t and recovery 90% then underground production at 450ktpa would be 110kozpa. I think this is a reasonable probability - say 30-50% chance.

    Why don't you state right now what you think will happen with the underground.......... At least it will be a line in the sand and you'd get some respect for putting it out there.
 
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