Wow, what a pick-up! $241 million NPV bought for $15 million cash. Shows the benefit of being cashed up when resources are on the nose.
Andash is a great project. I had shares in Kentor. Kentor got hamstrung as far as I know in trying to develop the project because the five or so rich families in the district were anti-mining. They did not want their cheap labour running off to work in the mines for better pay.
Hopefully ROL can overcome this because the mining parameters for Andash are great. The chance of further exploration success is very high as well.
A tremendous outcome for ROL. Welll done to management!
ROL Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
