redport aquisition To all,
This is nothing but good news. Redport is showing great support of PDN with this.
Basically, they are buying Aztec's royalties over the Langer Heinrich deposit using shares in Redport and first rights to other Aztec potential deposits.
This is due to Redport seeing the definate upside to the amount of royalty returns.
The return to Aztec (cost to Redport) is ~$275,000 AUD. At .12 per kilo Redport will be making profit after ~1 Mlb of U.
Considering PDN expects to mine a hell of a lot more than that....you can come to your own conclusions.
yellowcake, mjdyson, anybody??, page-5
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