Absolutely!For the mildly astute (not including BlackRock, Baker...

Absolutely!
For the mildly astute (not including BlackRock, Baker Steel et al) this company is absolutely the gold stock for 2012-2013 to go for.
NO QUESTION AT ALL ABOUT THIS!
At 16.5 cents (oops, through to 17 cents today) with indicated/measured 2,100,000Au and 20,000,000Ag, moving through a re-rate in the next few weeks on announcement of PFS and LOA, and with current world indicators saying gold will punch through the 2K mark in the coming year, and, full support of the community, and BFS due in maybe 9 months, the timing is utterly perfect.
Buy NOW because once this train gets moving it will climb at a rate which will defy trends.
Take a look at the 5 year chart for RRL in 2009 (Sorry, you wil have to look it up on the ASX).
Back in Jan 2009 RRL was just part way through its feasibility study and its shares were trading at between 15 and 17 cents.
By comparison we might reasonably assume that the completed PFS handed to the regulators at MRA in PNG about four weeks ago has for all intents and purposes has put IDC (now working on its BFS, due mid to late 2013) in about the same position as RRL was in Feb/March 2009.
Accordingly, IDC’s current project status at Mr. Kare is approximately equivalent to the beginning of the RRL chart (ASX at the commencement of the last 5 years (check it out).
Today IDC trading is very tight, only going up!
No intelligent person wants to sell RRL below 16.5 (oops, 17 cents) because with a re-rate just around the corner, as in the RRL chart around March 2009, it would be stupid to do so.
But what’s different to RRL and IDC at this relative stage of development?
IDC has, right now, measured and indicated high grade (really, for an open cut, “BONANZA”) grades) resources far in excess of RRLs humble 1.98g/t head grade (IDC high grade = 750,000 oz AND +1,500,000 oz-Au which @ double RRL’s head grade, + Mt Kare’s 20,000,000oz-Ag (in indicated and inferred moving to indicated).
The head grades at Mt Kare on average are at least twice those of RRL’s, but in some cases astoundingly higher, a lot of Bonanza grade stuff.
What else?
The high grade part of the Kare resource (750,000oz-Au) is more or less cost free to mine.
There is no comparison between the two projects in these particular regards, Kare is head and shoulders in front of RRL’s Moolart Well Project in terms of start-up costs.
It’s pretty obvious what will happen to the SP now, let alone if gold hits AUS$2,000 in the New Year.