GREY:RNKLF - Post by User
Post by
Andrewskion Apr 14, 2020 3:36pm
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Post# 30908735
Torex average sale price Q1 $1570- here’s my Q1 estimate
Torex average sale price Q1 $1570- here’s my Q1 estimateAssuming, (gotta assume because of the lack of information from the company) all the coarse gold was counted in Q4. BH will clock in around 11,500oz. HGO grades should improve from 1.75gpt since Q4 was churning through the lower grade stockpile. At 2.0gpt HGO would go from 10.5k to 12koz
23.5k total for Q1.
7k oz hedged at $1339 -$9373
16.6k at $1570 - $26062
=$1507 average sale price
AISC last Q was $1131. Can it be sustained without coarse gold? Perhaps that’s why rnx isn’t moving if the markets expecting AISC to go up.
$376x 23.5k =$8.8mil USD. Pretty decent but nothing to cause investors to flock to when they have debt interest, drilling expenses, constantly hiring expensive people etc. Be nice to see the cash pile over $40mil