RSG 3.61% 43.0¢ resolute mining limited

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  1. 11,185 Posts.
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    I believe in what I've said. We already have a 14 year mine life at Syama which could easily be increased.

    We could add the 115koz/annum that Ravenswood promises by scaling Syama from 2.4Mt to 4.0Mt. That's equivalent to the 139koz/annum (before Mali government share) at the reserve grade of 2.7g/t. The resources are there to allow this level of scaling.

    I'd don't want production scale for production scale's sake. That's the mistake gold companies made last time, b trying to grow at any cost.

    The faster we get FCF from Syama, the more flexible and secure RSG becomes.

    If someone offered to throw more than $187.5 million cash at us for Ravenswood I'd be taking it. I doubt that it is worth very much more than that on a de-risked basis. Esh
 
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