Hoping it is not the latter.
I am expecting R3D to get production going fairly soonish.
I do not think the principles would have chucked $$$$ in if they did not reckon it will come back to them. Maturity for their notes is at much higher prices.
Staying afloat and getting decent cash flow is key here. I think they have the correct minerals and probably sufficient in gound reserves, with more to be proven, that will make R3D profitable.
Hoping, hoping, hoping
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