In short - There is no resource yet, its being drilled out....

In short - There is no resource yet, its being drilled out.

Experts put in base a case. Clearly, Mabilo is a company maker. This is an exceptional, high grade deposit. One of the best skarn plays in the world and in the top 5%, but for the sake of the merger and not wanting to second guess any resource before the company, no expert is going to sign off on a monster number at this stage imo. They cant really say much until the company compiles a JORC report. If you look in the RTG presentation, you will see that Mabilo is rated very highly. Both management teams would want to lock this for the next stage of growth/ production. I personally want the deal done and a much cleaner structure with less twisters. This deal should keep the larger holders and tie down more of the free float into safe hands. That presentation also outlines what the management want to do here, this is about building value and selling the company on for a truck load of bucks. Both management teams have done this several times before. Im not a lawyer or a broker, i can only tell you what i read. dyor