The 2 scenarios are pretty much outlined in my post. From the various presentations and sentiment from management with the delays in the scoping study it very much looks like what I suggested is the way forward. It really is the logical way to go to test the waters and get some confidence back from investors.
Initially the scoping study was targeting the low grade resource John openly stated this in the proactive investor presentation. The subsequent trenching results which are increasing the size of the high grade resource then saw them shift the focus of the scoping study towards this(hence the ongoing delay in the scopy study as more high grade trenching results keep flowing in). It'll actually document both but the initial phase including a (pre-liminary mine plan) is very much aimed towards an open cut mine to retrieve the high grade resources.
With any luck because the grades are so high and close to the surface the scopy study/pre-feasibility study may reveal costs towards the lower end of the $600-800/oz cost which given the POG should provide a nice influx of funds.
RMX Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
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