RSG 1.23% 40.0¢ resolute mining limited

Resolute to sell Ravenswood, page-69

  1. 1,256 Posts.
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    You should remember that it was all development /stockpiled ore up until mid December. The quarter was mostly ~1g/t stockpiled dirt with a bit of low grade UG. How can you judge the future success of the sulphide circuit based on that?


    If it's not humming in 6 months time then your moaning might be valid. No point guessing whether Syama is a success/ failure when you can wait a few months and find out. The budget blowout has nothing in common with sulphide op failure. You're jumping the gun


    Many of your other complaints have merit, but you lose credibility when you blanket bash the whole caboodle. Not much is black and white


    On Ravenswood - if they can get 80-100m then throw that at Bibiani for 400-450k oz @$750US then thats not a bad plan B.

    Thats IF they can deliver Bibiani on budget.


    Have to admit I'm a bit concerned with JWs talk on further acquisitions. No time to be splashing more money at juniors/ new projects. Nothing wrong with a boring (but profitable) 320koz FY20 nailing down Syama with development focus shifting to Bibiani. Need to win back the market, and if he really wants to add value for SHs as he says then needs to shake off the massive 'short me' sticker pinned on RSGs ass over the last year +  




 
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