I am hopeful we will get an outcome on the Mt Labo matter in this current quarter. Surely by now the negotiations have gotten them close to sign something off?
The value of the project has risen substantially as well - Goldman Sachs predicts copper prices to grow strongly in the second half of 2023, and further in 2024.
Copper shortages are expected, and a high grade copper mine... that is also flush with gold..
The value of this mine increases. The Villar Family are very switched on, and would want to capitalise on the copper growth for second half of 2023 and 2024. Only way to do this is to reach a resolution with RTG - whether they pay them out, or enter a profit-sharing agreement.
I am expecting a resolution within months, hopefully weeks, on the basis that money talks.
RTG Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
