# Barrick will end up with 19% by vending the project # this shareholding is not escrowed but MD seemed confdient they will stay medium term # first cab is CRAIC deposit. 18k ozs. Obviously immaterial to Barrick but handy for RNG. To be developed with low capex, ie toll treating nearby. # Mt Morgan has been an orphan in large co like Placer, Barrick since '98. Hence may be a sleeper. # 1.2 m ozs produced at Morgans so logical to explore deeper and with modern techs given current gold price (few holes below 50 metres) # ambition is to be gold and base metals co. # Hegarty is new, give cred
Feeling : A handy play via the convertible notes, given those option incentives and the gold price.
RNG Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held