Hi folks i was wondering if any one can help!
I was given RRL as a good buy brokers report back in March estimated a value of 0.19 currently 0.105 and 0.11. A bit more of the compony Joint venture with Newmont(RRL 60%) and major shareholder also Newmont (40%).
So far 1.2 million oz of gold but the interesting thing is drilling continues with resources to be upgraded by September. The cost of the plant around 51 mill latest test results by AMMTEC gave a good gravity separation of up to 60% this will reduce the capital cost even further. New non executive director joint the company in August (2006) he is ex Executive director of Newmont Australia not bad.
Please let me know what u think