Couple of general comments: - RVR have been conservative in their resourcing - assuming a US$1234 per ounce pricing for cut-off grade..so there's likely to be a lot more gold actually mined. - There is still a significant portion of 2004 stated resources to be upgraded to 2012 JORC. - Over 400,000 ounces with which to complete a maiden 2012 reserve statement. - Minimum 10 year minelife, which is fantastic for an aussie gold mine. - On site infrastructure in place. - Potential for a 1Moz proposition.
All IMHO, DYOR, but a fantastic release.
RVR Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held