RNC Minerals (TSX:RNX) - In that orange glowing moment
Matthew Gordon, Ptolemy Capital
9 Months ago
Paul Huet is as excited as ever with regard to their Q1/20 Quarterly results. He talks us through the numbers. We have been impressed with the turnaround of the company since Huet came in last June. However the most impressive element is that despite fires, flooding and COVID-19 they have not only been driving their costs down and therefore reducing their AISC (down to $1,101), but also they have been producing cash.
We have been pointing this since the announcement of the Q4/19 numbers. Investors need to understand what this cash allows them to do. The options are hugely increased. They have been looking at exploring some of their land packages with good results.
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