I saw this on Shares.com, n thought we should have a look in here
Today, marketguru Gold Member Join Date: Jun 2008 Posts: 1,079
Boyz I was alerted to this article Attached here, in London's Financial Times. As we all know Glencore has listed and is flush with cash. It and other big guns in London are moving to Kazakistan now. If the yellowstone prove to be a shallow Cu project where the cost of digging could be less than 15 bucks a tonne and ship it to china ( as Yellowstone has a rail link to china very near by ) directly, the word is Glencore could be interested in the ROS. The key I see it in jORC resource is the depth. Say if ROS could get even 250,000 tonnes at 200 M ( possibly 600,000 tonnes or so if they dig a bit more deeper to say 500 M ) that would be the Gun result we could hope for. Sandfire has 500,000 tonnes or so but has to dig upto 600M and then ship it to port etc, where as ROS can send direct by train to China. Lets wait for the results and hope for the shallow depth deposit. As I said b4 the talks with Canadians on the Akjilga Silver are very advanced! Cheers.
ROS Price at posting:
35.0¢ Sentiment: ST Buy Disclosure: Held
