Replies to post #44 on Red Eagle Mining Corporation (RDEMF)

[Chelski]

Article from 2015 about Red Eagle .

First, an overview of Red Eagle's 100%-owned Santa Rosa project. This project contains 405,000 ounces of gold reserves at 5.2 g/t, and a feasibility study outlines a 1,000 tonne per day operation, with expected annual production of 50,000 gold ounces over an eight year mine life.
Initial capital costs are just $74 million, and the mine is estimated to produce gold at cash costs of just $596 per ounce (with all-in sustaining costs estimated at $763 per ounce). This means at $1,200 gold, margins would be $437 per ounce, and with 50,000 ounces of gold produced annually, annual EBITDA would be $21.8 million.
First, an overview of Red Eagle's 100%-owned Santa Rosa project. This project contains 405,000 ounces of gold reserves at 5.2 g/t, and a feasibility study outlines a 1,000 tonne per day operation, with expected annual production of 50,000 gold ounces over an eight year mine life.


http://seekingalpha.com/article/3602776-red-eagle-mining-huge-upside-potential-carries-much-risk