RSG 0.70% 70.5¢ resolute mining limited

Funny I thought the 2016 CR was for Syama Underground. Read the...

  1. 8,034 Posts.
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    Funny
    I thought the 2016 CR was for Syama Underground.

    Read the announcement and $135million
    of the $150 million raised was for Ravenswood.

    Syama underground cost was to be $95 million usd
    FULLY FUNDED.
    They spent almost that much last quarter alone

    So with nothing happening at Ravenswood
    and $130 million in debt.
    It is safe to say Syama is $265 million over budget.

    Brrrrrrr

    No wonder I am bitterly dissapponted.

    Cheers
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