I repeat, for any newcomers. The Mcphillamies project lies in the West of New South Wales...... not the West of Africa!
As you have presumed, given the major sovereign risk issues plaguing the project.
At AUD $5000/oz; let's say conservatively, (without any more exploration) we expand the pit shell for a 2M/oz Reserve.
Thats AUD$10 billion in revenue.........
--------------------- - Immeasurable improvement to the lives of thousands of families of workers and businesses over the life of the project.
- A few billion in forgone PAYG and company receipts for the Commonwealth Gov.
- ~1/2 a billion in royalties for NSW Gov.
All down the toilet - due to the 'voices' in the head of an unelected, unaccountable woman.... And the Labor Party.
---------------- Where is a the f...ing minerals council! - this is not a drill. - if this fiasco stands, it will happen again. - all mid/late stage project developers (ex. WA) are at risk!
RRL Price at posting:
$4.90 Sentiment: Buy Disclosure: Held
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