The announcement states "given the potential for Garden Well to become a bigger gold mine than the Moolart Well project, Regis' current intention is to progress a strategy of developing a second stand alon milling operation at Garden Well".
The announcement also provides a timetable for the company which includes calculation of a resource for Garden Well during the September 2010 quarter.
All in all an extremely positive announcement which should see the company re-rated from a value point of view once the broking houses digest the info.
Ann: Update - Garden Well Gold Prospect , page-3
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Last
$1.99 |
Change
0.000(0.00%) |
Mkt cap ! $1.503B | |||
| Open | High | Low | Value | Volume |
| $1.96 | $2.01 | $1.96 | $4.406M | 2.218M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 6405 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 28671 | 2 |
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| RRL (ASX) Chart |