RE:RNC Minerals Red Cloud Presentation September 26th 2019Thanks Pierre for the YouTube link. He ran short of time hence he had to stop a bit short. There are some useful take-away points, as discussed below:
- No urgency to sell off Dumont;
- Production for July and Aug = 16,000 oz compared to 1/2 year of 14,000 oz (Q1 +Q2);
- Graeme brought along 2 excellent managers to run BH and HGO operations;
- Mill worth $100M to build, payback period = 2.3 years;
- Over 1Moz Au M+I from open pits (2gpt) and ~0.4M Inf (1.9 gpt)
- Baloo was paid by West Gold for $9M in previous year, grade is 2.2 gpt and increasing (toward north)
- Tolling cost: $45/tonne; own mill cost $29/t, savings = $16/t.
- Interesting talk on slide 23, the long section: You should listen yourself starting at around 14:05 to 18:45, where he was discussing how they should go about mining this "golden triangle area" (my terminology for the FDV, GTV 1.0 and hole AZ15-013). It may be worth while to have a verbatim transcript for this section. The strategy would be "scouting/mining" along the strike?
GH11
----------------------
pierreg wrote: RNC Minerals Presentation Red Cloud September 26th 2019
Paul Huet presenting.
2019 Red Cloud Fall Mining Showcase
https://www.youtube.com/watch?time_continue=2&v=4chEpsfZ6W4