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
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