The case surrounding RSG is why owning such an incredible range of Australian assets without the risk of Sovereign issues.
Should be priced at a premium, yet we're sitting on $3bill+ worth of silver and people are disappointed with a capital raise to further the business into drilling and production in the next few years.
I also appreciate management talking about
"Thomson intends to use the proceeds of the Share Placement and Share Purchase Plan to fund the replacement Financial Assurance Bonds for the Texas silver project, the acquisition consideration for the Texas silver project and general working capital purposes."Further research also showed that the Texas Silver Spur Project. Between 1891 and 1925 some 2 million ounces of silver were produced at Silver Spur from 90,000 - 100,000 tonnes of ore, with grades over 1909g/t Ag with average grades of 809g/t Ag. Massive sulphides in this area.
Fast forward almost 100 years and Alcyone started production at Twin Hills and Mt Gunyan (we now own part of Texas project acquisition)
Couple snippits from their Investor Presentation back in 2013.
The Granite Belt project includes the Twin Hills mine and has key silver prospects as well as the potential for copper, zinc and lead.
I just wonder how much $ needs to be pumped into capex work to get this baby back into production.
(20min delay)