Where to now? - RER/Ndovu

2.7B! with a majority in Ndovu's hands.

Why would Ndovu take this risk?

Ndovu is willing to own up to 70% of RER!

Once RER spend the $A9m from the current raising (which Ndovu are underwriting) the result will probably be a bankable DFS and maybe some good to excellent exploration sniffs. However there will be very little working capital.

The 2015 scoping study, now disowned, put capital costs at $US39m or $A53m (.74)

IMO Ndovu either have access to some deep pockets or, with a bankable DFS, they are confident to be able to raise enough money from Debt to fund mine construction and cover working capital. Suggestions of other possible wild card options other than CR are welcome- Please.

Failing other financing options RER would need to do a CR in the not too distant future (maybe 6-12 months).

The current prospectus lists the ability to raise finance in the future among the major risks going forward.

Folks here on HC, like traydor, "like what they (RER or is it Ndovu?) have in the DRC." But.....

Again, I am very puzzled why Ndovu would risk so much capital without a good plan to succeed?

Does anyone else care to speculate on how Ndovu might progress RER from here?