RCO royalco resources limited
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oceana gold - cutbacks at reefton

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    27/06/13
    19:57
    Post #: 11937381

    The declining gold price is hitting the Oceana Gold deposit at Reefton. As a cost cutting measure, it looks like they are postponing further development until the gold price improves.

    This in turn will have an effect on planned down the track royalty earnings at RCO.

    http://www.asx.com.au/asxpdf/20130627/pdf/42gqh7rh6mh1fx.pdf
    RCO Price at posting: 38.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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