RDM 0.00% 13.0¢ red metal limited

Heres some Cannington detail for you - I work in the industry...

  1. 36 Posts.
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    Heres some Cannington detail for you - I work in the industry and believe RDM is a reasonable chance. If RDM can produce anything remotely like Cannington then its worth a bit of patience .. I have been accumulating RDM and always keep my eye on the banter here .. patience cashhound !

    As of year-end June 2016, Cannington’s total resources inclusive of reserves were 96 million mt grading 149.6 g/mt Ag, 4.37% Pb and 2.92% Zn. The project’s reserves totaled 21 million mt grading 206 g/mt Ag, 5.76% Pb and 3.69% Zn.

    Also, as at June 2016 the reserve life was estimated to be 6.5 years. (South32 6/16 AR Sept 8, 2016)

    In the year ended June 2016, Cannington produced 21.4 million mt Ag, 173,200 mt Pb, and 79,000 mt Zn. (South32 6/16 QR July 21, 2016)

    During the June 2016 quarter, South32 reported that Cannington produced 3.15 million mt of ore grading 255 g/mt Ag, 6.6% Pb and 3.8% Zn for the financial year 2016. (South32 6/16 QR July 21, 2016)
 
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