Rovina will be greatGrades are definately economic. Cost to get the gold out is very low. Near surface open pit, they will go after the highest geades first and they are ecstatic about the large increase in recovery rates.
I had a long talk with Brad Humphrey at the company yesterday and came back pleased with everything I heard. They were debt free when they did the $2.6 million so it should get them a ways. They save a lot of money by sharing office space and resources from F&M so they keep costs down.
The FS was delayed by the ratification because they were not allowed to drill or do many of the things they needed on site. Everything can proceed now and things can start happening. They are going to get a PEA out as quick as possible so the analysts etc have something to chew on, followed shortly by the FS. This will allow them to have preliminary numbers for investors and trade shows next year as well. They are not sure who this seller is, but it could be tax-loss selling.
Everything is set to advance from here.