RSG 1.23% 40.0¢ resolute mining limited

Hi Goldbear77,In 2016-17, they were not talking about funding...

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    Hi Goldbear77,


    In 2016-17, they were not talking about funding the building of an autonomous mine. Plans developed and became more ambitious. The scope of the work increased and the projected AISC of the finished mine decreased materially. I guess time will tell whether RSG manages to reap the benefits they (we) are hoping for. But the $100m facility is more about increase in scope of the development than missing targets or cost overruns. There has been some small misses of targets: some instability on the base of the open pit, a major rain event. But generally speaking they have done incredibly well keeping production happening whilst doing a major development at the same time. One the numbers they have given, the benefit of the extra investment in making the mine autonomous will be well worth it.


    Cheers,

    Tim.

 
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