They can't do much at Patterson at the moment because it is too hot.
cashburnmayhavebeenfundedbyRIOsodoesthatmeantheyareconcentratingonRIOsideofthingsandleavingSIPAprospectsonthebackburner-preservetheirowncashandjustdoRIOworktogetthatoverthelinesometimeinthefuture?andwhileatitletsthrowanotherbonetoinvestorsintheformofanotherprospect(andletslookforJVpartnersthereto).sowhataretheydoingtoincreaseinvestorwealth(aftertheshamblesofrecentyears)?.appearstomeacashconservingexerciseandtryingtoflyonthecoat-tailsofRIO-butIcouldbelookingatthisentirelythewrongway.
Hopefully the Uganda work will prove up something big.
RIO Nearology, page-153
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