the worm is turning, page-7

Hi Scraig, I think that there are a number of posters on RED with similar views that the company is due for a significant re-rating, and the last summary by Alphman is spot on re future milestones:
BFS
title transfer
financing
commissioning
gold price retesting all time high (3rd time lucky?)
first pour
mapawa exploration results
It will be interesting to see how Mapawa pans out - will it be a signicant deposit in its own right possibly with standalone operation, or will Anglogold take up the jv it has previously negotiated. I am sure this subject will add heaps of value to RED in future.
If we see a new BFS its likely to confirm significantly enhanced project returns, i believe it will tip in excess of 30 cps to RED.
The big milestone will be the financing arrangement, but will it be accompanied by a placement or not - RED has about $23mil in cash now, will they need more? (Previous capex was excessive due to high steel costs etc).