GREY:RBGCF - Post Discussion
Post by
zebra4o1 on Dec 30, 2011 11:10am
RBG strategy makes no sense
Totally don't get what these guys are trying to do. They have demonstrated expertise in bioleaching which they say is useful for refractory ores and aresenic rich ores. So you would think the rational strategy would be to target existing known resources where this technology would be useful - some deposit that is not being developed because of too much arsenic or the ore is too refractory. Something along the lines of what Batech environmental is doing with their Snow Lake project.
Instead these REB gold guys have chosen to go into green field exploration in Finland on some totally unexciting deposit. The last thing the world needs is another underfunded microcap doing early stage exploration. Especially from a group with no track record in exploration.
Juniors like this need a decent story that investors can relate to. Judging by their actions, these guy's story is that their bioleaching tech is useless, so instead they are going to role the dice on some random low grade, low tonage deposit in Finland.
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