IMO THX need to walk away from RB for now. They've spent $millions & more than 5 years exploring an extremely small tenement, yet still not only haven't found a commercial ore body, but have no idea whether one exists or not. Given the size of the tenement & the POC, both current & projected, the risk:reward ratio for RB does not stack up for further investment.
With the current (fragile IMO) economic climate it would not take much for the POG to increase significantly. Taking into account a larger tenement as well, the risk:reward for GG is much better than for RB. The management have been consistent failures, IMO, in terms of getting results & need to come up with the goods at GG or resign. Any more failures & future fund raising will become very problematic.
Red Bore ?, page-20
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