PeterKing, It comes to down to confidence in management. I have never been invested in any of Ross Smith's projects so I don't know how good he is.
Re: $100M for the resource. That's to buy 70% of it. What about development costs? Circa $300M?
I'm with you on this and it's a BUY at the current market cap in my opinion but I also like to know the negatives.
Would not Kazakhmys PLC had first crack at this and if so, why did they pass on the opportunity to acquire such a huge deposit virtually next door to their current operations?
ROS Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
