RSG 6.48% 50.5¢ resolute mining limited

spec gold play

  1. 25,197 Posts.
    rsg were kind enough to send a complimentary coy of some mining journal - plenty of good articles - a feature story was on rsg. it seems from the article, that golden pride will rake the money in, and there is scope for more ore at that mine. there was a piece about the syama mine - a 4m oz deposit, with room for more. if resolute can overcome the metallurgical problems, then there should be a huge rerating of the stock. at this stage, though, i would tend to think that the share price is about right, and i would not want to pay too much of a premium for the potential (or lack of) of syama. also syama, is only under option to rsg. never the less, one to keep an eye on - if rsg solve the problem of the syama ore, then this would be one to get into

    i hold, but would not buy any more, but i am not inclined to sell
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