GREY:RNKLF - Post by User
Comment by
wombat4goldon Jan 24, 2018 8:14pm
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Post# 27428246
RE:RE:RE:Some Questions About RNX
RE:RE:RE:Some Questions About RNX"A economic operation at Beta was based on 3.5 g/ton gold.
Their last number was 2.17 g/ton so every ton loses money."
I do not know a single mine in kalgoorie with 3,5 g/average grade. in the united states many have 0,8 and doing fine if the mine is big enough, open pit....
"Finally the "Annualized production rate" is a meaningless number as there are no metrics to base it on.
Also does not specify grade so it could result in higher losses if it is arrived at by digging a lot more rock."
yes but they claim grade got better over time and constantly more tons per day pressing cash costs down.
Just dont invest if you think its a scam. but auramet, pala, westgold, eric sprott and other big players would not have gotten in if they would not see real potential. me personaly im now big in the plus and im not selling this under 0.45 CAD. thats for shure. but follow your own feelings thats best!