Q & A of the RNC Q4 2018 gold specimens when sold & HGO Q & A of the RNC Q4 2018 Results presentation Conference between private investors and Mark Selby, about the gold specimens when they will be sold and the HGO property:
https://finance.yahoo.com/news/edited-transcript-rnx-earnings-conference-182221464.html?.tsrc=rss
Private investor: « Yes. Congratulations, first of all, on all the staff at RNC for their -- per yourself and then the purchase of the Higginsville mill and property and the gold -- the actual mine itself, the open pit, looks like a great investment. So that was my first comment.»
Mark Selby: « Thank you.»
Private investor: « And then the other -- only other question I have is when are you finally going to sell those -- the gold specimens that have been up for sale? I don't know for quite a long time I guess. »
Mark Selby: « Yes. No, we're -- no, this quarter, we're going to push hard to liquidate all of them to the extent possible. We had a number of excellent marketing opportunities with those domes. So we were chosen by BMO to be the feature showcase at their Core Shack, at the BMO Conference in Florida, which is the very first time we've been invited down to the BMO Conference in Florida. Obviously, with PDAC to have the chance to have not only have so many investors get a chance to see it, but other mining companies come by is an opportunity that we feel couldn't be passed up. Then I can tell you the number of executives from senior mining companies who are crouching down to have their picture taken with the specimens domes is very, very valuable marketing in terms of promoting the company and promoting the assets. So -- but now that we're past those events, we'll be looking to liquidate them as quickly as possible. »
Private investor: « One other question for you. Do you see a lot of potential in the ground that you picked up from Westgold and Kalgoorlie? »
Mark Selby: « Yes, I can't comment too broadly on that because we're in the midst of financing, but again, any -- we highlighted the fact that it is in the Kalgoorlie gold district and so -- and there is a 1.9 million ounce resource base already on it. So that's something that was factored into our thinking as we made the acquisition. »
Private investor: « Okay, it was great -- it looks like a great purchase, I hope that goes through, and I look forward to your results and your upcoming news releases for 2019. »