Yep - multiple times the current MCap of ROS, many multiples, and add on Yellowstone and any other potential projects which by the sounds of it could be in the pipeline...
Which leads me to the big question no-one seems to be asking on here (and believe me I am excited, I am very happy holder), how did they secure this for $12mill?
I think there is bound to be alot more to this story than currently meets the eye.
If this deposit is economic and I can't see any immediate reason why it would not be at these grades unless it is 2kms underground it would be worth $300mill plus right now by even the most conservative estimates let alone the fact that most analysts are tipping silver to go to $100oz.
It is quite possible that there is another big fish involved with this purchase IMO, or they are also going to be issuing out a big wad of shares in ROS to the current owners on top of the $12mill.
Seems to be the way it is going in these countries right now. They really want ASX listed mining companies with experience and connections in the play and will sell out high quality prospects to obtain those synergies.
This is not a cynical post, just looking at the reality of this situation, have seen these things too many times before.
You can buy projects at 50% of true value in some instances but not 5%. If it is too good to be true...
Either way I think this is still an amazing outcome for ROS holders and if they pull these two purchases off this should be heading to multiples of this price once re-opening.
ROS Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
