Gold to fall 30%, page-6

A quick glance of the cash shows they have US$9.5m and that is a little under $13m Aussie. They state the accounts in US dollars, not Aussie.
The receivables are previous assets like Elephant copper. They are probably in the books for very little given the current market and the company raised enough money to get everything done to stage 1 ( production of DSO) regardless. The JV partner are considered excellent open cut miners within the Philippines and have a very good operating record. They have their own mines and have paid their way from day one. Why after 2 years plus, do you think they can't pay now? The drop in the short term gold price ? The Philippines is no place for wimps. It takes time to get things done up there, but we are due a DFS within the next few months and I bet it will tell a fabulous story. This deposit has 100,000 tons running @ 24% copper near surface. Your talking a similar cap to what Sandfire had. This makes a massive difference to your cost base. People have not even worked out the basic numbers yet, but there is nothing else listed until TLM ( yet to prove tons) that is even close and it's capped at way more that RTG with only 30% of its deposit and cappax that will be many times that of RTGs stage 1. The big picture is not the short term gold price predictions and movements. This is about getting permitted. Once that happens, this will be a multibagger. I notice that if you read the qrt carefully, you will also see some very interesting things said about Bunawan and the other deposit they are doing the IP on now. They are both looking like possible porphyrys. RTG might be sitting on numerous porphyrys including what may lie beneath Mabilo. Name another company that may have several porphyry targets and all of them to be drill tested by years end?
People want to see the permits completed and this share price will become a memory. The managements track record is number 1 in the Philippines so far. It's natural to freak out every time the gold price moves or some analysts hits the press with horror predictions, but the work goes on. Please dyor