Thats just it, the size of the deposit is still unknown. With only half the RS area quantified technically, the ultimate resource could be twice or three times what its anticipated to be right now. That may be too big a leap of faith just yet for T/O aspirants. Also if we are for sale, and KAH will be the lynch pin here, they are going to want to be paid for every provable pound in the ground. My feeling is that the proving up of the remaining 7-9 kms (forgetting the other prospects for the moment) will be the ultimate determinate of value. However, any T/O aspirant that wants to buy the potential as well as the reality, and is prepared to make shareholders an offer that covers both will get what they want.
Also what ever happens re the next owners or mix thereof, I think its a foregone conclusion that RIO will be apart of it. IMHO
EXT Price at posting:
$7.82 Sentiment: Buy Disclosure: Held
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