RED 1.23% 40.0¢ red 5 limited

its a know brainer, page-12

  1. 1,870 Posts.
    Alphman,

    With regard to your list:

    I think that (1) has already been completed. Its more about (2) to be completed. The other thing that will be a great bonus will be the granting of Mapawa MPSA, even though it isn't required for development of Siana.

    I suggest (4) is not correct, the past BFS and the recent u/g resource upgrage, plus a susbstantially increased gold price (US$910 versus US$650 for the BFS) already confirm a GO decision (=> financial and engineering viability).

    (3) is a no-brainer, just a bit of time to re-jig the development sequence and funding requirements.

    (5) is the big hurdle to be completed now. And the debt markets have freed up substantially now, even if pricing is a bit higher than before. This is more than offset by the gold price!

    Its going to happen now, SOON, i believe!!!
 
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