I believe the company's cash position is just over a million dollars plus.
In case Mt Maitland drilling comes up with nothing commercial, does anyone know how much cash
is required for a drilling program for Koonenbury tenement(s) ?
Just trying to get a picture of how much dilution will occur to the share registry should the need
arise to shuffle on to the next project.
One more question. Does anyone here really think this company can actually become a successful
rare earths miner ? Arafura have been going at it for decade(s) at Nolan's Bore and their share price
has remained 6 or 7 c for the last 7 years. Surely any appreciation of sp on the basis of it's
newly acquired rare earths tenement can only be a pump based on rare earths attaining
some flavor of the month status once again. I've seen and heard it all before in Lynas's day.
Who survived from all the wannabees at that time ? Look at the NTU sp chart since 2006 ?
Perhaps only Lynas have had some success but boy haven't they had a hard road and their
long term sp chart doesn't impress.
So what can we see to be the best prospect for RMX to have some sort of commercial
success and not crash and burn as I've seen many resources companies do over
the last 20 years ? I'm thinking that without a single drill hole, then I'm thinking the
best bet would have to be the Koonenbury nearology prospects relating to Manhattan
Corp's discovery.
Any constructive thoughts anyone ? (no nuggets and no chomps please)
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.873M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $2.728K | 2.728M |
RMX (ASX) Chart |
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