XAO 0.07% 8,705.0 all ordinaries

Short Term Trading Week Starting: 26 November 2018, page-61

  1. 23,832 Posts.
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    RTG

    Philippines / PNG
    Copper Gold

    I no longer hold, but I follow

    This thing is putting off massive smoke signals. Supposedly a US fund has taken a liking to the story and has been accumulating. Few monster bids have chased it up

    It is up 60% for the quarter now !

    Could be 1 or 2 major catalysts in the works, both are world class copper gold prospects:-

    1. The already own 64% of Mabilo. 1-2Mozs @ 5-6g/t aueq copper gold project in the Philippines. They were next in line for DSO licensing before Lopez (previous DENR head) was appointed. Since then, the Philippines is again opening up mining. RTG management recently won 8 environmental awards at the recent 65th Annual National Mine Safety and Environment Conference.

    If they have sorted the DSO license here, OR reached a settlement / got a win with the JV partner they are in arbitration with, this thing is a printing press

    2. They are also the preferred preferred development partnert for the 1.5Bnt copper gold Panguna monster in Bougainville. There has been some developments there of late behind the scenes

    Both have their issues to sort out, but both are Tier 1 assets if they get them across the line

    This recent buying has again spurred my interest in the story
 
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