GREY:RNKLF - Post by User
Post by
goldhunter11on Jul 30, 2019 11:57am
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Post# 29975101
30 July 2018 - Informative NR
30 July 2018 - Informative NRhttps://www.rncminerals.com/2019-07-30-RNC-Minerals-June-2019-Quarterly-Production-and-Operations-Update-25-Reduction-in-Milling-Costs-Achieved-as-a-Result-of-HGO-Acquisition
The NR is quite informative. It provides a good summary of the current situation with some head-ups that would be expected for the next 2 Q's. Some key take-away points:
- Good savings from the purchase of the HGO mill (US $100/oz, saving). If the target of 100,000 oz/yr is met, then taht would bring in an extra 100koz x US100/ozx 1.25 = 12.5M/yr (extra income/profit)...Please check my math/
- The grades used in Q2 was less than 3gpt for bothe BH and Baloo. Just wait for them to cherry pick BH (to get at the 4gpt ore first) and some richer pockets at Baloo (starting August) then the Au production would benefit from say 4gpt/3gpt = 30% increase in the bottomline. This does not take into account any coarse/bonanza grade from the stopes (from level 16 to the bottom of FDV living room).
- Q3 production: 40-45k/mo for BH and 30k from Baloo for a total of 70-75kt/month = 2500tpd which is a bit below the max capacilty of the HGO mill (~3000tpd) which would yield a bit less than 100,000 oz/yr assuming 3gpt ore feed. But at higher grades 100,000 oz is achievable...Hence an EXTRA profit of $12.5M would be expected as discussed above which would be handy to bring in more drills fro resource (on the other shear zones and at depth?) development.
Not bad a mining/development model for RNX.
GH11
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