Red 5 Limtied Bull flag nearing its end
With Red on the verge of announcing financing for its King of the Hills processing plant, it is now in the process of completing a bull flag (triangle if you wish). The processing plant will mean no more haulage of ore to the Aphrodite Processing plant 50 km north... a big savings in costs, and with a 16 year 2.4m oz resource, the return on investment is scheduled to be completed in the first two years of production starting in 2022. Has upside.
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