Its funny because lately I've been looking at some investments in which underground grades are only in the 3 g/t range - yet that is exactly where Red 5 is at with the open pit!!
Honestly with a lowish strip ratio and soft ore, this thing will make really nice money.
And underground at 7g/t or so with nice widths - that will make really good money.
The fundamentals of this mine are very good, the challenges have just been obscuring this for a time but in the end fundamentals will shine through.
Its funny because lately I've been looking at some investments...
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 40.5¢ | $55.01M | 131.2M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 136340 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 2109264 | 10 |
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| RED (ASX) Chart |