So...you call RDG lucky to be paying $15M for a 30% interest in a 36 sqkm tenement?! Not 100% of 800sqkm...no, we get a fraction of that area for $15M!
Absolutely crazy. No ore reserves - just a 276koz gold resource. I'm looking forward to seeing the results on the feasibility study that shows the business case for this. What's the plant going to cost? Where's the money going to come from to fund it?
Also, fun fact...the funding package you refer to was deemed illegal by the Federal 'Takeovers Panel':http://www.takeovers.gov.au/content/Media_Releases/2018/downloads/MR18-70.pdf
RDG Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
(20min delay)