Maybe you refer to the bankable feasibility study. I don't think RAU is there yet with the gold projects as they are trying to increase the resource first.
A bankable feasibility study is like a "construction plan" for a mine so that they can borrow money from a bank to build the mine after they have proven a predetermined number of ounces of gold into the reserve category.
I think it all looks good so far. What I am afraid is that, at the time to borrow money, they need to hedge production, an excellent opportunity for the banks to make money in a strong bull market for gold. This process, however, caps profits for a company, so it loses its sensitivity to gold appreciation.
BIG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
