I haven't quite hit the ignore button on you yet because you are dangerous.
You that RSG "won the lottery" this quarter with the performance of the oxide circuit.
This statement suggests that luck was involved. Do you really think an open pit mine just springs up out of the ground on the basis of luck. No it doesn't. A deposit needs to be discovered, reserves defined, mine models made, environmental and mining permits applied for and granted for both the mine and the 35km of road that brings the ore to the processing plant. Then you have landowner agreements and community consultations over areas of distruption to people's land and or crops if any are effected plus the need to plan and source mining equipment, spares etc for a mine which is located in an infrastructure poor and land locked country. Mali has no port of its own so goods and services need to come through ports in neighbouring Côte d'Ivoire to the south (Abidjan in Côte d’Ivoire has been Mali's main seaport) or through the river port of Koulikoro on the Niger River near Bamako in Mali to the west. This issue of goods needing to cross international boarders complicates the servicing of the mines at Syama and the movement of equipment to build mines as there are all sorts of logistical, tax and excise problems getting goods through third world ports and across international borders in Africa.
But according to you it's all down to luck, just a lottery ticket and not good planning or managment.
Eshmun
RSG Price at posting:
$1.13 Sentiment: Buy Disclosure: Held
(20min delay)
