republic gold limited enters non-binding sale , page-9

Greetings dcob,

It is a really sad story for us shareholders and especially for those who sold shares with a great loss.

The hard work, including exploration, financial and infrastructure preparations, were done by RAU and Comibol would greatly benefit from buying the project.

If RAU management were forced to sell Minera NuevaVista to Comibol, they would require more than the proposed $35 million from Comibol (1c per share). Those money were spent by RAU until July 2011. What about the time frame from July 2011 till today?

Comibol has done clever calculation:
- invest less than $200 million (pay RAU $35 million plus invest $156 million)
- a one-year revenue from the gold production would return all $200 million investment

Let see how it pans out


Cheers
vs