Top 5 among its peers because it has excellent grade and low costs. The DFS outlined these costs, but there is also a good chance those numbers are conservative. They have only drilled 700m of the 1.5km strike length. Check out their web site. The resource is open in several directions and there is a good chance of a porphyry underneath. Drilling is expected to restart very soon. This is a very low capex play, super fast payback, open, good mix of metals providing credits and its open cut for stage 1. These make it a top 5 regardless of the size. Grade is king and i would rather have a mine like this that some monster that requires untold amounts of capex and a lower grade. It is very similar to OGC's Dip mine and that thing spits money like an ATM.
Stage 1 is expected to cost $17m and RTG pays for approx 60% of that. I don't see that as a problem given they have over $20m in cash and more receivables. dyor
Ann: Trading Halt-RTG.TO, page-157
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