Hi Foyt
It's always great to hear other people feedback. I really think in this environment exploration is not worth the risk unless you have plenty of cash in which HGO don,t have, to take chances. Yes HGO are making money and slowly paying down debt which is great, but time is running out as the ore reserves diminish. If HGO did do a takeover of RXM or merger. RXM would not use Kanmantoo's processing plant at Kanmantoo but would dismantle and transfer it to York Peninsular RXM site. This would save RXM lots of cash. It would take about 18 months to dismantle and rebuild the plant. The plant from Kanmantoo originally come from a lead or zinc mine in Perth and would not be too hard to move again.
I have looked at all exploration options for Hillgrove and none make a better option then the RXM merger. Not only cash wise but also due to Tailings dam and waste at Kanmantoo being a key issue. Hopefully management read our concerns and start taking notice.
Cheers
Inflewinzer
Hi Foyt It's always great to hear other people feedback. I...
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