BIG 0.00% $2.22 burrendong minerals limited

jindal steel and comibol, new factors, page-9

  1. 8,096 Posts.
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    While there are some well known posters who have for a year or two or three tried to quash any suggestion that RAU could possibly be successful in:
    (a) getting a BFS together that was profitable
    (b) prove up sufficient ounces to make it profitable
    (c) get together a plan for production
    (d) get a way of funding the operation
    I think that most of those items have been dealt to fairly well.
    Certainly the BFS is now accepted as a valid case.
    Some may see the the figure of about US$120m as insummountable but that is ignoring the profitable nature of the operation.

    If the recent drilling proves up an even better resource then the profitability is even more enhanced.
    It is also likely that the gold price could head towards US$2000 an ounce before the end of 2012 making it even more attractive.
    Investors can be found. Finance could be available from the Bolivian bonds as mentioned.

    Packing a sad and backing out at this stage is not the way to go.
    There is more to this than meets the eye and shareholders should be asking more searching questions and demanding clearer and more open answers.
    Time for some concerted shareholder action ?
 
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