The Brains Trust, page-1726

PB

RTG has two projects, one related to copper and the other gold, and the prices of both commodities have recently been falling.

I am not familiar with the economics of the copper project. Some chatter on the RTG thread says it will be cheap to exploit and the ore body is likely to grow - but I have no idea.

As for the gold project that is just an exploration permit near to an existing mine run by MML. MML, once an ASX darling with a market cap of over $1 billion is back under $200m. They have all sorts of issues, with a key one being that the grade of the underground mine is a lot lower than originally claimed and they are having trouble accessing enough ore to feed their expanded mill.

For years the share price of SRM(?), now merged into RTG, held up because of the hope that they had another MML high grade deposit. The current problems of MML will have rubbed off onto RTG. May be once they do drilling the results will be exceptional and drive the share price.

I am not a big fan of the management team that run RTG - when taking on a project they come ahead but shareholders may not do so well. For several years I held I held CGX which was their last project - was lucky to get out at a profit by not being greedy, but the mine was supposed to do a lot better given its potential, and it has improved operationally since the takeover by B2Gold.

loki