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Hi tangsIn the June quarterly, BRB said the PFS hopefully out Q4...

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robbo24

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21/03/23

11:18

Post #: 66875366
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Originally posted by tangs: ↑

of course the reason RMS aren't offering top dollar , as they have a record of doing ....is the structural complexity of Lake Roe .
Strip ratio to me doesn't appear good for most of the resource ...in fact a good part of that resource will never convert to reserve unless there is a very high GP.
Then there is the underground which is higher cost and not all ore body of suitable grade for that .
Tom way oversold this deposit from the beginning and many here are still stuck in that wishful thinking rather than the reality of what a deposit costs to develop in time and dilution .

Hard fact of life is BRB was priced in the 20's for a reason .
Those two large holders agreed to the deal for a reason.

The test is if another offer comes ....I doubt it will !

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Hi tangs

In the June quarterly, BRB said the PFS hopefully out Q4 2022 - then it seems to have fallen off the radar.

Was it ever released? Or was it not shaping up as a workable project, resulting in this deal?

Last edited by robbo24: 21/03/23

BRB Price at posting: 37.5¢ Sentiment: None Disclosure: Not Held
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