Smart or Stupid ????, page-118

HI, O

I don't suppose you read erotic books but "The Story of O" is a prostate enlargement preventer. All Hail the faceless Kindle.

If RVR and HGO can both mine "enough" ore at the grades that are in the probable category to keep their plants running around the clock they are both a steal at the current prices. The big question is can they ?

Both companies are vulnerable to a cheeky takeover.

I think even if ARA want to exit HGO on a cheeky price the bidder would have a lot of trouble getting to the, over 90% acceptance, required for compulsory acquisition. The 10 % stake that denies compulsory acquisition is well and truly in friendly hands that will protect the interests of all that are wanting to stay for the ride to full production.

If RVR can lift the 8% zn equivalent grades they are mining at the moment to the 12% the resources are indicating then they will likely find themselves in the same boat very quickly.