dead in the water.

A month back I gave some real dollar costs of making the RXM copper project a reality. I was being honest and I copped a lot of flak from posters. The reality is that the market cap of RXM is below $60m. In the real world the chance of this project getting off the ground will require more than $1b. That's 1 Billion Dollars. That's reality.

A company with a market capt of less than $60m getting a loan or raising that kind of capital is ZERO. With the copper price going down and only marginal copper grades the change is MINUS ZERO. The company just has to tread water for about 5 years like a lot of other small cap mining companies with Kitcometals predicting 500 small cap miners to go off the market by June 30th 2013. See Kitcometals.com there was an article two weeks ago look it up. Five of the top Geo's from around the world at the big Canadian Conference last month made this statement. All agreed.

Im calling RXM at 19c by 10th May. So far I've been 100% correct. Last time I said it would be below 60c by mid April and everyone laughed. Not laughing now, as its actually half of what I predicted. So in reality could be 8.5 cents by mid May.

Hope im wrong so good luck punters.