Resolute to sell Ravenswood, page-36

Syama underground was to cost $100 million
funded by cash flow...not difficult at all
Instead they are trying to reinvent the wheel.

The very bad news is there is very little gold coming
from the underground mine that cost so much.

Last quarter produced 15500 oz from the sulphide plant
with a 7 week roaster shutdown
This quarter the sulphide plant produced 21500 oz

I see that as a shocker as in the September Quarterly
stated there would be significant improvement this quarter.
except for last quarter with the roaster shut down
This quarter is the lowest production for years from the sulphide plant
suggests to me something is wrong
as project 85 was to add more oz as well


Cheers