RCO royalco resources limited
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lfb

  1. fredofrog
    911 Posts.
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    13/10/12
    19:00
    Post #: 10856117

    In case you are wondering, LFB - which is mentioned in the annual report - refers to the 49% stake that Alkane owned in the 2.5 million oz McPhillamy gold resource outside Bathurst, NSW. Regis have recently acquired the stake, and will be paying a 3% net smelter royalty to RCO. But don't hold your breath: Regis' presentation at the Denver Forum of last month predicts production won't commence until 2017.
    RCO Price at posting: 48.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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