RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:GREAT ! Roscan testing shows 97.6% recovery from KandioleA few things to keep in mind with ROS:
1. ROS deposits are within trucking distance of two operating mines. Mgmt wants to prove that they have a standalone mine here but if they fail in that, they will have some good satellite pits for other mining operations. Risk is mitigated.
2. ROS deposits are smack in the middle of other undeveloped resources. This area is ripe for consolidation almost any time now. Oklo, ROS, and IMG's Siribaya and Diakha should demonstrate nearly 5 million oz after the ROS 43-101 is filed. That's attractive to any senior miner, as well as IMG.
3. 5 drilling sites have been classed as deposits. We should see ounces coming in from all of them in the upcoming resource report. We should expect to see at least 1.5MM oz as that is the first tier for mgmt to qualify for options bonuses.
4. There are 6 analysts following ROS with targets ranging from .80-1.05 expected outcome from current activity.
5. Buyout soon? Highly unlikely unless a senior is going to do some consolidation here. Otherwise, it would be late next year at the earliest for a standalone buyout if it is going to happen.
I see Clarus buying hard and strong today. They know as much as anyone about ROS developments so that is a very important endorsement of the upside here.