GREY:RNKLF - Post by User
Comment by
factRbeston Feb 27, 2018 10:10am
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Post# 27627588
RE:Newest RNX Presentation
RE:Newest RNX Presentationgeodude13 - (2/27/2018 9:59:23 AM) Newest RNX Presentation There is a newer presentation on the RNX website (Feb 22).
https://www.rncminerals.com/presentations
In terms of the Beta Hunt, slide 25 of the presentation shows a compelling arguement for the Beta Hunt mine development strategy.
Ore production increasing over 2017
Ore (gold) grades increasing over 2017
Mining costs per ounce falling in 2017
What's not to like about the execution strategy?
The AGM should be an interesting event.
Regards
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Question for you
How much profit does that equate?
In investing this is what is referred to as a GENERALIZED STATEMENT.
As an exmple
Increase grade - the grade can increase by .000000001g/ton and the statement is true.
COST per ton 97 bucks
grams in an ounce 28.35
grams gold in the rock - you decide
value of gold - use futures
((value of gold / 28.35) X gold grade) - cost per ton = money made or lost
Multiply that by annual production = annual loss or gain.
Fun fact - Even though RNX switched to gold at Beta Hunt the nickel they recover still makes money where gold does not. THINK ABOUT THAT!!!!!!!