RSG’s Syama underground gold development uses a mining technique which is scalable and is used in some places for mining bulk commodities like magnetite. The new mine has been looked at by consultants and it is potentially scalable from 2.6Mt per annum to 4Mt per annum and that’s from just one underground operation.
NST’s mines are nowhere near this scalable, they are aging narrow veined mines with very little potential to scale. The company has been good at extracting value from these deposits but the valuation is now extreme for assets that don’t have the scalability or life of Syama. The valuation gap is emmense and so is the opportunity that RSG currently presents in comparison IMO. Esh
RSG’s Syama underground gold development uses a mining technique...
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