RRL 3.60% $2.02 regis resources limited

Hi Nordesmic, I agree. This is excellent. Reserves have...

  1. JID
    3,676 Posts.
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    Hi Nordesmic,

    I agree. This is excellent.

    Reserves have increased 17% for RRL and Resources 7%.

    Importantly, as you state, the grade of Tootheys @ 1.61g/t is much higher than the Duketon global reserve grade of 1.09g/t. The displacement of lower grade ore over the next 4x years will add 30k oz of production to the profile.

    I would think that a very high percentage of this incremental revenue (A$51m p.a. at current spot) will land on the bottom line as the mining/ milling costs will remain the same and the additional trucking distance is only 2.5km.

    Market yawns.

    Cheers
    John
 
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