They have 3.8moz resource (with drilling so far) in NSW plus over 2moz reserves. That will cost a lot to get to production, but look to be worth it, over 200 million in the kitty, at a guess not knowing costs they could probably do it with out a credit raise of the next 2 years if gold price holds up and they keep producing gold 900 per oz profit or above?
RRL Price at posting:
$5.58 Sentiment: Buy Disclosure: Held
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