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RSG $1.12

+ preparation of study thread +

  1. stolwyk

    22,691 posts.
    Hi Steve51, Watso and others,

    Thanks for your mentioning this stock.

    These RSG guys fire big guns not only in the Mining and Exploration areas but also in structuring deals:

    1.2 SYAMA.
    April 17, 2003: Option to Acquire Syama Gold Mine from Randgold Resources:
    http://stocknessmonster.com/news-item?S=RSG&E=ASX&N=236152

    Extract:
    The mine has over 5 million ounces in resources. The table below summarises remaining resources as published by Randgold Resources" (refer to Announcement).

    + + + Please note this: "The option is for a period of 12 months and can be exercised or terminated by Resolute on one month's notice at any time during this period".

    Oct.27,2003: First Quarter Activities Report:
    · Minproc scoping study indicates concentrate roasting a preferred option. · Confirmatory engineering and metallurgical studies initiated for concentrate roasting. · Drilling beneath the north end of the existing pit design has returned 34m @ 3.88g/t Au from 259m and 29m @ 8.44g/t Au from 240m.
    http://stocknessmonster.com/news-item?S=RSG&E=ASX&N=247850

    Jan. 28, 2004: Second Quarter Activities Report: · "Feasibility study activities advanced during the quarter. Results to date have identified an alternative treatment route".
    + + + + "Study expected to be completed in March quarter".

    "Drilling at Syama has returned some excellent results including 100m @ 3.7g/t Au from approximately 400m below surface, 52m @ 3.6g/t Au from 385m (including 4m @19.40g/t Au from 392m) and 15m @ 8.2g/t Au from 476m".
    ___________________________________

    And this just after acquiring "Ravenswood'!

    Why explore if one can buy a mine cheaply.


    I have prepared a study thread to facilitate understanding by the reader.

    Gerry
    Holds RSGO
    Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.


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