RDG resource development group limited

Ann: RDG To Acquire 100% Interest in Manganese Tenements, page-4

  1. 4,722 Posts.
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    Well assumedly not haha.

    But the article i saw on small caps was MIN end up with 75% of the company. That pretty much means our buy in prices are 1/4 the original. But on the flipside you get what "may" be value from the tenements and loan , if you are forward looking.

    Not sure how to treat this on a valuation basis. They will continue with the contract services space from what I read, so this will be a side avenue. I haven't read into the tenements and am not sure: has feasibility studies or anything even been done? If not then I may as well put this in the bottom drawer as god knows how many years till they even get started constructing, let alone if it 'makes it' - like many miners who fail along the way.


 
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