GREY:RNKLF - Post by User
Comment by
RallyOptimiston Oct 24, 2018 4:14pm
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Post# 28866729
RE:trying to find out why "good" report pushed RNX down.
RE:trying to find out why "good" report pushed RNX down.I think people are confused maybe about the fact that RNC is still performing conventional mining away from the Father's Day find. This in turn results in a dilution of the average of the exploration Father's day find. In other words you end up with the silly looking figure of 6.67 g per ton total instead of the ounces per ton record breaking results of the Father's day find. Wake up people this is the find of the century who cares about the conventional mining results.
mingzhu wrote: gold production of 31,360 "includes 6,206 ounces of coarse gold and 2,390 ounces of specimen gold". 31360-6206-2390=22764
but gold grade is 6.67 compared to 2.24 last year. | Gold mined grade (g/t)3,4 | 6.67 | 2.24 |
Is this the reason. you have 3x higher grade, production is only doubled from 10489 last year to 22764.