Not enough for what?
stand alone operation ? Could easily have over 15-25mt. Look at Core or Bald Hill.
But I think ERW will JV/consolidate or get taken out completely once some tonnage proved up. 100m+ MC plus so 10+ bagger is my hope. RDN is 100m MC off the small area (comparitive to AZS) they have spod so the potential is there.
RDN and ERW join and you have a serious play. AZS take them both out and you have serious profit.
Money to be made outside building a mine. Lassonde curve.
Ann: Errawarra - Heavily Oversubscribed Placement Closed Early, page-47
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