RE: latest newseasier just to post the link I guess...
https://www.reuters.com/article/2011/06/01/idUS138856+01-Jun-2011+MW20110601
Im not a shareholder but I like the look of this project........ what I cant understand however is the racy market cap in the absence of any near term cashflow and in the face of what look like moderate grades and yet to be applied for mining licenses....
10x p/e multiples are the reserve of established high grade world class operations with typically 1mtpa outputs.....RGD is a long way off replicating the success of Woodie Woodie, Bootu Creek or Comilog Mn mines.
Im sure the assay results could point to beneficiation potential to a medium grade product (remember <44% Mn is not high grade) and perhaps the lateral extents being surveyed point to large potential tonnages....... however, I want to see a 43-101 before I jump.
I would also like to see the nature of the Mn that exists in Matthews ridge.... Phosphorous and Fe content for example? Maybe someone can point me in the direction of this information?
As I said .... it looks interesting..... and Im using the RGD run-up as the basis for evaluating what I expect to be an even more agressive run-up in another Mn company I am monitoring.
That company have grades >40% everywhere they are looking and are attempting to make the near term leap to production and cashflow through the acquisition/JV with an existing Mn producing neighbour. They are valued at about 6% of RGD in market cap terms but could quickly surpass them (in terms of progression, grade and tonnage) if things fall into place as I expect....
Mn generally is the place to be right now IMO. Good luck RGD shareholders