I'm starting to get excited about this stock... (after so long!)... Stage 1 of the mining operation of Mt Labo should commence in the latter part of this year. The only boxes to tick prior are the financing plans for the US$25 million and some remaining permitting matters (which I understand are procedural). In addition to the other incomes, Stage 1 will see RTG repaid $40million AUD in loans, which is nearly double its current market cap.
Reading previous reports Stage 1 should bring in cashflow of over $100m, and then Stage 2 (8 year project life) $96mil a year. And this is all before further exploration occurs. With partners in the Villars the revenue will be split as per the agreement. (DYOR)
The parties have now agreed to the budget, and now they just need to finalise the financing of it (with offers already made).
When this gets announced, I expect to pull out the champagne!
DYOR
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