Yep Fatsoh, costs of production are low.. love it.
Mink, Whilst RED 5 has chosen to take a slower route on Siana by not doing a JV with Anglo, they do still have JV's with Anglo in the immediate area. Anglo are also assisting RED 5 with the development of Siana via technical skills...
"AngloGold Ashanti, under a strategic alliance has elected to proceed to joint ventures on two tenements areas, namely Outer Siana and Mapawa. They may earn up to a 75 percent interest from Red 5 through staged exploration expenditure on each totaling US$10.5 million."
If Mapawa turns out ok, chances are Anglo will just swallow RED up anyway.
RED Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
