Yeah maybe .. as we know MR sold down MKO into EAR to then exited for a tidy profit to NST .. maybe the big holders of IRC / MRP see a bigger picture of attracting the likes of one of the local wealthy producers like KCGM?
From memory KCGM reserve mine life is out to mid next decade 2024-25 etc at this point in time ..
If JP and merged team can prove up good average grade 2moz GOLD reserve in the next couple of years?
Surely we wouldn't even get to raise the 100mill+ etc needed to set up a 1mtpa CIL plant as a local hungry producer will just T/O the company for 200-300mill to replace gold ore needed for their hungry plants.
IRC Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held