Death by dilution, page-24

I have already placed funds with my broker ,not worried about short term fluctuations. I have been up and down with all my P M investments ,If I was any good at trading I could have made a couple of hundred k over the last 12 months.
luckily I'm no good at it ,because by buy and holding strategic P M Stocks I'm up triple that.
The reason Red 5 would merger with BGL is BGL is sitting on top of a 6 billion dollar inferred high grade gold deposit which could rapidly grow over the next 12 months.
The historic Bellevue mine has over 200km of underground tunnel network and analysts think it will only take 30million to get mining under way. BGL is only 100k away from Red5 production mill and to truck 90 tons of rock will only cost around $1400.00.
If the merger was to occur,RED5 AISC would drop to $1000.00
Given that BGL COULD SUPPLY around 150 k ounces per year ,that would bring production up over 200 k ounces per year.
The maths is simple on todays gold price 200k ounces x $1600.00 profit after AISC = 320 MILLION AUSSIE PROFIT.
Like I stated in earlier post the J V between GOLD FIELDS and GOR has been extremely successful ,GOR lowered risk by let an established operator produce the gold while it keeps exploring and adding to reserves. Their is no reason the same result can not be achieved here thereby eliminating exploration risk for RED5 and mill construction for BGL.
THE BIGGEST RISK FOR EXPLORERS is transforming into production and with REDS PHILIPPINES operations in jeopardy due to possible mine nationalization ,this JV possibility would guarantee long term life of mine operations for RED.
CHEERS