I read/heard somewhere that steady state mining at Syama UG is not expected till mid-year. On that basis there will be no confirmation of the UG operation till then, but the stockpile should allow them to make a reasonable profit from the operation giving the impression of good times. In order to get to the US$750 AISC I imagine the carbon roaster is needed in addition to the power plant completion - this isn't happening this year. As you say the AISC will ultimately come down to a question of ore moved. Given the automated process the costs should be quite fixed, therefore lower extraction means higher costs. I really don't think they will get to the higher mining rates expected on a consistent basis. I think US$950+ AISC is more likely than US$750. Your suggestion of mixing in Tabakoroni 5g/t is probably the only slim chance of achieving the lower figure.
If JW goes my feeling is that the UG mine will be re-cast as a 35-40koz/Qtr operation (if it hasn't already with the merging of sulphide & oxide reporting) with a higher AISC. My fag packet RSG valuation is about $1.4B less $500M of debt for a market cap of $900M or 90c ish.
Cheers
W
- Forums
- ASX - By Stock
- Why Pay $1.10 when you can buy at $1.09/Share
I read/heard somewhere that steady state mining at Syama UG is...
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RSG (ASX) to my watchlist
|
|||||
Last
64.0¢ |
Change
0.035(5.79%) |
Mkt cap ! $1.362B |
Open | High | Low | Value | Volume |
63.0¢ | 64.0¢ | 63.0¢ | $4.184M | 6.594M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 270903 | 63.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
64.0¢ | 1066131 | 39 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 178064 | 0.635 |
26 | 356297 | 0.630 |
24 | 536919 | 0.625 |
14 | 520968 | 0.620 |
10 | 993668 | 0.615 |
Price($) | Vol. | No. |
---|---|---|
0.640 | 1056881 | 41 |
0.645 | 621607 | 27 |
0.650 | 567679 | 35 |
0.655 | 624293 | 10 |
0.660 | 308566 | 15 |
Last trade - 14.14pm 12/07/2024 (20 minute delay) ? |
Featured News
RSG (ASX) Chart |