BIG 0.00% $2.22 big un limited

far north queensland

  1. 1,454 Posts.
    I think you will find they have purchased the blocks or dirt from Noel Adam.

    Noel Adam still owns the old process plant there and camp facilities.

    RAU have stated on may occassions it is repairable and I think they have had engineers look at the costs of repair so it will really be how much that Noel Adam wants for it.

    I think Noel Adam sold about 8 tonnes (not sure of the exact amount but 8 tonnes rings a bell) of antimony before RAU moved in a couple of years ago

    In saying that several of the puchases of RAU from Noel Adam have been for cash and shares so it may be in Noel Adam benifit for RAU to start producing as the share price would increase so his shares would be in the money so hopefully he does not hold out for too much for the plant and base facilities

    So this drilling is really important

    I think I am right about that but happy for posters to prove me wrong

    Hoges in pain in Darwin
 
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