Post by
tomgranite on May 28, 2014 5:48pm
useful entries on investors Q&A
RB has answered a couple of questions on the website. Looks like next round of drilling will be to expand the resource by exploring under Red Dog. She also provides an insight as to how the board are approaching the project. Well worth a read. This looks like an investment that is getting longer and longer in time frame IMO.
Comment by
LGreen on May 29, 2014 1:55am
Hello Tom, the time frame for investor will be shorter if the company's goal is to prove the resources and sell it to the major miners.
Comment by
tomgranite on May 29, 2014 5:01am
Good point LG, I can't see the SA boys wanting to wait 5 years or so for a return on their investment. The question is, how much will one of the big players be willing to pay for the gold in the ground. Expanding the deposit will get the interest of the majors. Hopefully there will be some NRs out in the next week or so.