RSG 1.23% 40.0¢ resolute mining limited

The output from the sulphide plant actually improved by 6,000 oz...

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  1. 1,246 Posts.
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    The output from the sulphide plant actually improved by 6,000 oz Q on Q .
    Marginal improvement in recovery too .
    What went south was the AISC .
    Previous quarter despite very little feed from u/g head grade was 2.23 implying stockpile grade somewhere close to 2 g/t .
    This month 1.7 g/t feed and a third of that underground ore .Assuming 3g/t u/g gives us stockpile grade of 1.05 as compared to 2 last quarter .
    THAT is why the result is crappy , mostly crappy feed .
    I see no evidence of a problem beyond that !
    Something like 3g/t u/g ore and 85% recovery implies for me 40,000 oz from sulphide/ quarter if no rubbish stockpiles and sufficient u/g ore .

    Find this idea of looking backwards, and so superficially too , pretty strange for a serious investor .
 
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Last
40.0¢
Change
-0.005(1.23%)
Mkt cap ! $1.543B
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40.5¢ 40.5¢ 37.5¢ $22.35M 57.19M

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Last trade - 16.10pm 25/11/2024 (20 minute delay) ?
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