RE:RE:RE:Eurosun interview outlining strategy RVP is the 16
th biggest undeveloped Gold project in the world and of those projects 6 or 7 of them will probably never be built. It is clear the Scott is very familiar with the sector and what will be attractive to other big companies and institutional investors
1) Socially and Environmentally responsible.
- Dry stack tailings
- No Cyanide
2) Project is buildable and financeable
- Phased approach with reduced initial capex vs starting all three projects at the same time
- Reduces risk
- Flexible to respond to metal prices
3) Long life time
- Looking at a multi decade asset that will generate free cash flow for 30+ years
- Not looking to maximise NPV or IRR as for the long-life projects these measurements fall off over time
4) Expansion
- ESM has applied to advance the prospecting permit to and exploration permit at Stanija.
- He mentioned that it could be Phase 2 or Phase 3
- Obviously, there are significant additional resources there, but until the permit is an exploration permit, the property is not exclusive to ESM and they are not going to release and data publicly.
Scott also mentioned near the end that there was significant interest from buyers after they got their permit in November. It is clear that they are paving the way for a buy out. This is clear from:
- What Scott said in the interview
- Eva Bellissimo Joining Board of Directors
- In the paid promotions there is talk of other companies buying large gold projects. Obviously, the company probably didn’t write those entire articles word for word, but provided information to be put in them.