Agree. there should be no need for a capital raise, but a 70/30 venture would be more appealing at a premium for the minority holder. That would almost act as a hedge on the gold price if sold at a high gold price and allow them to fully fund the development in cash. Hopefully with some costs coming down, the estimated cost will significantly reduce over the years.
I don't see the gold price going much lower than 4500 Aud an ounce in the next 2 years. if anything, i can see it at $5500-$6000+ the way Trump operates. We have to remember we are hardly 4 months into his 4-year term. His presidency will see records in the gold price reset time and time again imo. Also, major index funds are now making the case for gold for client portfolios. Funds are just starting to flow in. There is still a long road ahead.
Hopefully we can see this stock in the teens somewhere in the next couple of years!
RRL Price at posting:
$4.39 Sentiment: Hold Disclosure: Held
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