Looked at Toro's most recent and some earlier announcements. Not...

Looked at Toro's most recent and some earlier announcements. Not convinced that they have a lot of exploration potential in the Mako region, but Cote d Ivoire looks promising.

As you say Nord, looking at the sections they've mined the much thicker mineralised material and the the future mine (based on the pit outlines) means that its potential at depth is very limited unless with much larger cutbacks and strips.

On the face of it, IMHO this is 5/10 acquisition, but it fulfils a need as Ravenswood comes to an end. Talking to an engineering mate at Mt Rawdon yesterday, sounds like RSG are curently culling a lot of their operational staff .

At the end of the day Resolute's share price hinges on the success of Syama and Syama alone. They must get those recoveries above 80% next quarter or we're back to $1. Jury out, but hanging in with a much smaller holding than previous.