GREY:RDEMF - Post by User
Post by
SmokinWillieon May 30, 2017 5:11pm
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Post# 26302757
Gwen Preston, Resource Maven (5/30/17)
Gwen Preston, Resource Maven (5/30/17) Gwen Preston, Resource Maven (5/30/17)
"Given the success of the stope delineation drill campaign, which returned consistently higher grades than in the resource model and hit veins where expected pretty much every time, I am not concerned about the gold being there at Red Eagle Mining Corp.'s Santa Rosa mine. The market just needs the mine to get through its growing pains before rewarding its achievement. . .even if all-in costs creep up, the baseline was so low at US$671 per oz. that Santa Rosa should make very good money regardless. . .recommendation Buy;Medium risk($0.65)."
I think with mine output much higher than design (1200 tpd vs 750 tpd) and grades higher than anticipated, we will be surprised with the amount of gold produced from Santa Rosa. Patience Grasshopper...