GREY:RNKLF - Post by User
Comment by
factRbeston Sep 03, 2019 3:41pm
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Post# 30091601
RE:AISC & gold price is key for RNC Minerals profitability
RE:AISC & gold price is key for RNC Minerals profitabilitySuggest you go back to 2016, 2017, 2018 see what was said about AISC and lowering it.
No one will listen to their numbers without detailed explanation.
They have failed in making this profitable at 3g/ton for 4 years.
Now it will be profitable because gold prices are higher and not because of anything they did.
The open pit should help as that is new.
My opinion for best chance.
run the mill with ore external to BH
Convert BH to mine nickel and chase the high grade gold (for HGO mill) with delineation drilling.
Everyone know this is mill 2.0.
They had an option on a previous mill where they printed a boatload of paper and debt then walked away from it as they could not afford it.
Could not afford it because the gold was not there.
They need a new mine plan starting from scratch.