DT Pre-Market Wednesday December 6, page-6

RTG

There appears to be some confusion. BOC previously proposed a development plan that required $6Bn capex and 10 years of development. People are wandering how on earth RTG would raise this money ...

RTG are proposing a staged development, requiring <$950M capex and 3-4 years of development. They successfully pulled this off as Masbate with a 7-8Mtpa for $250M, they later sold this to B2 Gold for $1.2Bn !

Panguna is a 1.5Bnt Copper Gold mine, which would make it bigger than Vale's Solobo Mine in brazil

Vale were still able to raise $1.9Bn against that project no dramas ...

http://www.thesudburystar.com/2013/02/05/sudbury-gold-deal-nets-vale-570-million-2

Here is a few cut and paste extracts on RTG Panguna. Next Monday on Wardens Hearing, I expect this will be 50c+