Valuation, page-168

Great find ducky.

The news sent Royal Road's SP up 50% today.

So they're paying up to ~US$40m (AUD$57m) for projects that can potentially be at best as good as Chuscal.

Potentially but unlikely, and as a few of you have pointed out, Nick Winer would have worked on the new Royal Road projects/known what's there as he has worked on Chuscal before/knows what's there.

No surprise he went with MNC and Chuscal.

Here's Royal Road's tenement package acquired from Anglo - although big in size, it's quality, not quantity that everyone is after!!











Good to see them marking our Quinchia Project nicely on their map with 2.8Moz (plus there's another 3Moz to come from Chuscal per here: https://hotcopper.com.au/threads/ann-chuscal-jv-agreement.4567109/page-21?post_id=36778419 )

They've also marked Nuevo Chaquiro (aka Quebradona) which is the massive find that MNC's Nick Winer found for AngloGold - also mentioned by Royal Road that it is one of the 2 key big projects that AngloGold will concentrate on (until Nick turns Chuscal another Chaquiro? ).

Here is, from what I can see, the best prospect from Royal Road's acquired package:










$57m for the above.

Comparing with $2m MC MNC's Chuscal, it looks like Chuscal poops all over Royal Road's best prospect:


















They should've just called MNC - I'm sure Kevin would've given them 25% of Chuscal for that $57m.

Anyway, great news for MNC to see deals like this go through - makes the Quinchia Project all that more valuable.

Cheers,

GB.