rmx on friday 14th feb 2014, page-31

Thanks Maaze;

From Bloomberg article; "Gold’s settlement above the 200-day moving average of $1,309.63 signals a rally to $1,600 for the first time since April, said Dave Lutz, the head of exchange-traded fund trading and strategy at Stifel Nicolaus & Co. in Baltimore."



If RMX goes in small/large scale production, the cost would be $600-800 and hence simply more than 100% profit if Gold ralies to $1600 by the time RMX goes in production in early 2015 (Condition - If everything goes to plan).

We will see some good volume and accumulation on monday and tuesday, breaking through 2.7c and any +ve news will take us through to 4c without much resistance. Everyone watching RMX very closely and next flow of announcement should make them rush to buy RMX. MC is still very cheap but market has been eagerly waiting for bit of confirmation (through SS & drilling results).

cheers
JS