Merv, re your thoughts on Red Bore.
THX have the right to earn a 60% equity on this claim and I would assume they would have the first option to purchase the remaining 40% if offered for sale.
You have picked up on the point that RNI have got some initial results in their DGC1-2 target from dill hole DRC 268. This is situated up near the northern border of their claims close to THX Red Bore.
THX Red Bore claim has only be initially explored by THX and I suspect the goodies are at depth.
The go slow on that claim could have something to do with the JV with Richards as I am sure THX would have spent enough to earn their 60%.
As far as RNI having a crack at THX I do not think so. We will know tomorrow.
thx/ rni link, page-4
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