ROS red october resources limited

Yep it all sounds great, and look we have seen this kind of...

  1. 5,879 Posts.
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    Yep it all sounds great, and look we have seen this kind of thing before (I was on FMJ this year early and boy that ran from 20c to 3.90+ in about 1 month - if only I had held past $2...)

    If the details are right (and they look to be accurate so far) this could be a world class silver deposit - it is what they are calling it in the announcements.

    What gives though? For $12mill? If this comes out at anywhere near 70mill oz with low capital and cash costs and those sort of grades it would be worth $100's of millions right now.

    CCU is about 50mill oz with very low costs and that is pushing up near $200mill MCap from memory.

    At the end of the day it is not just grade but depth, infrastructure, taxes, political stability...

    Hmm - I am looking forward to finding out more though
 
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