If the AGM was on the east coast in Sydney, Melbourne or Brisbane i would be there for sure Sarg. But a 5hr flght to Perth & at least $1k in expenses really doesnt make it that appealing to me. Considering their main projects are all in NSW. Maybe the AGM should be on the east coast ?
However if you are going & would like to ask some questions then i have a few if you are willing ?
1. Given the severe drought conditions in the Cobar region ( i was out there recently & conditions are absolutely brutal ) does R.T have a plan to source the water that will be required to mine & process ore ? Even if the processing is done at another companies plant the water has to come from somewhere. Now i remember mention of early R.C drilling at S.N having to be halted due to significant water inflows. Is there sufficient groundwater at site or is there a plan to obtain it ?
2. How do they plan to finance their portion of the exploration decline at M.B. Apart from some revenue from ore sales from the Silver Ray bulk 20KT sample. Is it to be another dilutive capital raising OR are they looking at maybe an asset sale or project finance ?
3. How soon are they looking to start mining at S.N
4. Are they open to taking on a partner to mine S.N ?
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- Ann: Investor Presentation - November 2019
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