Dr. Not sure if this has been discussed to death or not, but with RED looking to go U/G in 2016, it seems to me that RED and MML should look to merge?
Would push the merged entity up to 170-200k ounces per year bracket, have 2 operating mines instead of one, so reduced operational risk, management could be reduced by a small amount and above all, a proven U/G company would be able to develop the U/G Siana gold (which is a decent size resource/reserve).
The companies respective market caps and E/Vs are surprisingly balanced and could even enable a mutual nul-premium merger?
I know both MDs are fairly new, but they could both stay on, obviously one would need to be MD etc.. but I really do wonder, if the insto's could see past their toes, would this be a possible outcome, or just another one of my failed thoughts
underground, page-2
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