who listened to the brr, page-24

Savadamoney,

Cheers on that.


You mention whether RAU contemplating selling its drilling results to III?

Worthwhile question. Interesting thing is I doubt that III would or will have enough money.

End of December they had about 1.3 mil in the bank. An estimated 1/2 mill expenses expected this quarter. And that may not include general overheads.

I addition to that I think you'll find they have been a little caught with the Opes Prime collapse and will have lost some money there.

By their quarterly I think they had about 300,000 invested SOMEWHERE outside of bank notes etc. So how much they have lost only time will tell.


I guess my point is that they are getting very close to the wire financially, and it may be doubtful if they could afford the luxury of paying for some results of good DD.

Cheers