mabilo makes nova look like a pimple, page-16

It seems the agreement with GALEO was changed since that link i posted before.

"Sierra has a joint venture with Galeo Equipment and Mining Company, Inc. in relation to the Mabilo Project, under which Galeo can hold and retain up to 42% of the joint venture, subject to payment of farm-in expenditures, provision of approximately 14,000 metres of drilling within a 2 year period

The joint venture arrangements with Galeo are subject to a Memorandum of Understanding announced in November 2013
and also a subsequent conditional MOU with Galeo which allows it to earn up to 42% of the joint venture by mining 1.5Mt of waste, subject to satisfaction of a range of conditions, including Sierra shareholder approval."

http://stocknessmonster.com/news-item?S=SRM&E=ASX&N=668663

If RTG is valued around $100m post merger with SRM and the mabilo project ends up being their only producing asset in which they own 58% , that would make Mabilo project currently worth $173m on a 100% basis.