th - capital raising - , page-36

One word

M-A-P-A-W-A


They want to monetise the find at the new digs maybe
only way to do that is to drill lots of holes and JORC it

That takes a bit of cash

Wait till they capital raise to dig it up
they will need another 100~200 mill to get in production

But then again if it's a +10 million oz Batu Tara type deposit like they keep hinting (remember the old "Eclipse" Siana line)

Ever wonder why the future production graphs on slide 24 of todays presentation has Mapawa ore feeding in from 2016

If you got the time RED seem to have a 20 year plan in front of it and it's all green ;)

# All of the above rambling is on the presumption that Mapawa is big and that won't be proven till drilling campaign is done !!