Resolute to sell Ravenswood, page-98

"Why is management focusing in one UG mine instead of spreading the operational as well as sovereign risks?"

Because that's where the gold is, where nature put it, all in one convienent place. If this UG mining method at Syama proves efficient all the better, the gold in reserves will (for the most part) be robotically mined out of the one UG mine for at least the next 14 years to come. Given the mine has been in operation since the 1980s in Mali and mines like Morila have been going since 2000, the recent historic reality in Mali is that it's a comparatively secure place to be operating long life mines. The real sovereign risk/s, so to speak, is an extremely difficult risk to actually quantify. There is definitely an element of all your eggs in one basket with RSG and it's for each investor to decide how much risk they believe attaches to the project and the country and the portfolio weighting they allocate to RSG. IMO it's significantly undervalued and as you know I just don't enter companies if I believe they are overvalued on a fundamental basis, no matter the trend, bull or otherwise.Esh