GREY:RNKLF - Post by User
Post by
factRbeston Jan 24, 2018 8:58pm
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Post# 27428506
Cmmrcial production
Cmmrcial productionHere is the release
[url=https://www.miningweekly.com/article/rnc-declares-commercial-production-at-australian-beta-hunt-mine-2017-06-21/rep_id:3650][/url]
In it
Mined
gold grades during the month leading up to declaring commercial production averaged more than 2.3 g/t, 35%-plus higher than average grades in the first quarter.
RNC expects to produce between 50 000 oz and 60 000 oz of
gold this year, at net all-in sustaining costs of $1 100/oz to $1 200/oz, falling to between $900/oz and $1 000/oz by the fourth quarter.
IT IS NOT HAPPENING AND THAT IS THE PROBLEM
More gold with out the grade is just more lost money
The solution is in the nickel as has been mined for decades even though all the previous owners knew the gold was there.
Mine nickel
Drill explor holes on the gold
Then develop a mine plan that will mine gold profitably
AS THE PEA RECOMMENDED!!!!!!!