Equity Field Notes from temporal sources

[DanWebzster]

RBCYF is what happens when the liars standing over a hole lie to themselves and go directly from PEA to mine construction w/o doing a feasibility study

The ore was not well characterized before mine construction. Estimated resources w/o feasibility study was 2.8mn Toz

After the restructuring, the current estimated resource is 1mn Toz.

There are 580mn of sunk costs that include a functioning mine and a well-designed mill.

12/18, MC is less than 70mn

Mine is expected to go into production sometime after Q3/20.

What we don't know is how much capex is needed to get back into production.

I suspect this stock will experience weakness into late 19, until the CAPEX picture is defined. Revisit EOY/19