BIG 0.00% $2.22 burrendong minerals limited

low grade , page-10

  1. 244 Posts.
    Caramello,

    you have knocked the nail on the head - high risk = high reward. as i said how can a project RAU effectively bought for nothing add tens of millions of dollars to the market cap.

    Rampers are claiming that RAU is undervalued based on the EV of gold using average prices but what hasnt been taken into account is the discount for Bolivan Soveriegn Risk etc.

    Sentia himself even admits that Vista had been trying to offload this project for a while. the question rau holders need to ask themselves is why? if it is so good and boliva is a safe place to mine then why were Vista so desperate to get rid of it? surely good project can attract good people to help develop it or good buyers to acquire them. Vista basically had to pay RAU to take it off their hands (the litigation loan). doesnt smell right does it!
 
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