Yes, I do have an advantage of knowing this stuff pretty well and having been involved with the company for a quite a few years.
The best part is the Royal wants this built into a significant outfit relatively quickly, before gold really cranks up and those Pommy & Canadian companies in Africa who have run out of cash and are struggling to raise any in their crushed home market, once again gain access to cash via raisings.
Deals need to be concluded quickly and then onot the next one.
A portfolio of quality assets, each having the potential to produce 1M ounces is the strategy of the JV.
Any asset that fails to deliver will simply be hived off and replaced with another.
All assets have 2 things in common. 1 an existing resource inventory (whether it be JORC or not) with the potential to grow that resource inventory to 1 milion ounces plus.
Funding is simply not an obstacle.
Opportunities are simply not an issue.
Think of what this sucker will do when gold really cranks up over the next 2-3 years? Think what it will do with some high grade hits from its substantially drilling over the next 3 months?
GMR Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
