I don't doubt there is gold at Bibiani, its a question of how much money they will need to sink into it before they get cash flow. It is now an exploration project (with a plant). To define resources for the U/G they will have to spend at a guess $20m before they can think about mining.
In a low price environment and with lots of capex is this the best use of their skills and capital? There are lots of other bargains around.
RSG are good operators and at the right price worth picking up
I am holding out for when the capital raising occurs.
more money into bibiani, page-9
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73.5¢ |
Change
0.040(5.76%) |
Mkt cap ! $1.564B | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 73.5¢ | 70.5¢ | $11.81M | 16.34M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 143270 | 72.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 73.5¢ | 489207 | 13 |
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