1 - No one knows what the price of gold is going to be in a years time, let a monthes time, but toss a coin and you might get lucky.
3 - 100% right David, Ramelius will need around 400 million to get the acquired, the Lake Rebecca Gold Project (Rebecca) in Western Australia, via recommended offmarket takeover offer➢ Rebecca Mineral Resources of 29.1 Mt @ 1.2 g/t Au for 1.1 Moz operating.
Some cash, some future gold production some, a lot of capital raising and with high inflation, what the final number will be is a big fat guess.
If they go a head with the project and the gold price tanks, lights out Ramelius!
Place your bet folks, I am and its not on Ramelius at this stage.
P.S 4 -- Penny should be a cash cow for a few years.
1 - No one knows what the price of gold is going to be in a...
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