David as you know they recently raised 100 million credit.
I am guessing they will need 250 - 300 million to build a new plant at Lake Rebecca for their takeover of Apollo, to be able to process the ore, inflation is rampent so 250-300 ????? A whole new mining operation. (unless they find a cheap, good, second hand one)
Huge risk with gold price unknown and debt, capital blow out possible.
But on the positive - it could be a Tier 1 mine open cast mine with huge potential. It could be a huge success.
The other positive is Penny with its very high grade will help fund it.
Risk verus reward, Ramelius is again at the cross roads and for all you wishful thinkers, they do not need any more distractions like a takeover of SBM or anyone else.
gold correction target $1, page-81
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