You ask a good question, "at current gold prices wouldn't REZ be making profit from the gold mining activities", to that I dare say "no" given they have a an agreement with their processor for a 50/50 share in the revenue, what they sold so far hasn't resulted in any increase of money in the bank. If they can sell Mt McKenzie and use that plus other funds raised perhaps thru borrowings and a potential CR they can build thir own processing facility and although initial costs will be high they will inevitably have scale which leads to eventual profitability, unfortunately I don't know the numbers involved and I also don't know what the AISC is now and where it should be once the processing facility is built (if it ever does get built??), I would love to see the business case before I make any judegements.
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