Red Rock Resources: NAMA Sale Agreement Interview with the Chairman Andrew Bell

On Wednesday 28th November, Red Rock Resources (LON:RRR) released details of a proposal to sell part of its stake in NAMA Greenland for cash proceeds ranging from £6.5-£10million, leaving a residual stake between 14% and 30% and a gross revenue royalty of 2% (shared pro rata). That proposal puts a value on the project of around £13million, plus the royalty element. In other words 130% of the market cap at the time of the announcement, attributable to just the one project.

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