Morning trading October 22, page-113

  1. 3,367 Posts.
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    RTG

    Looks as though supply is finished.

    To put them in perspective they are worth $120M.
    Compare it to things like MGV $256M, BGL $1Bn, DEG $1.5Bn.

    RTG own 100% of Mabilo, have a mining license.
    2Mozs @ 4.8g/t Aueq with a huge amount of the deposit under explored. It will grow to over 3Mozs.

    The stage 1 DSO will spin them off $108M free cash in 12 months.

    Easy 40c on production at Mabilo.

    The big drawcard is they are also preferred favourite for Panguna worth $60Bn. Their presidential elect just won and the mining resources minister also supports RTG to develop it. If they win Panguna it will open at $1+

 
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