RDG will be the biggest mover of 2006. The story is convincing and they have "measured" real resources, not just indicated and inferred reserves.I'd say that they are surely on at least a treble. But don't take my word for it. DYOR and check out Ridge's story and ask yourself if this is not THE best mining bargain on the AIM? Here is a snippet from one of the most knowledgeable posters on ADVFN or indeed most message boards that I know:
"AD1967MC Commentary 15 DEC 2005
Extract -
Sheba's Ridge
The big news is that RDG are very close to striking a JV deal at Sheba's Ridge. The Industrial Development Corporation (IDC) will fund the R60m full feasibility study in return for a 26% stake. For those who don't know, IDC are a state sponsored financial organisation responsible for "developing commercially sustainable industrial development in SA".
Regardless of how the market has treated Ridge, they have ALWAYS delivered the when it matters on resources. Their new economic study (independently audited by SRK) showing the "efficient cut method" to make Blue Ridge is economic is further proof of such delivery.
Finally, the personnel at Ridge are experienced in building and running mines. Not many junior mining companies can offer such expertise.
