RRL 0.40% $2.53 regis resources limited

Problems behind-the-scenes, page-8

  1. 3,051 Posts.
    lightbulb Created with Sketch. 10
    Do the sums, 8 million ounces diminishing at say 350,000 oz per year equals a long life of mining for RRL. DYOR....GLTA..H.

    You don't mine resources H, you mine reserves.

    If the gold price drops to $900 say, the resources will still be 8 million ounces but the reserves will be zero - because none of those 8 million ounces can be extracted profitably.

    If you do some sums, you should be doing them on a correct basis - not on a flawed basis.
 
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