4 days until feasibility $13bill jorc 0.8cps, page-5

patpat... I know you were expecting the feasibility study to be released today... but from what I can see from the company releases, they mentioned "late January" (refer ASX announcement dated 27 Nov 09) as the time they will be "presenting" the findings...

I know in the RMI Chairman's AGM address he mentioned it would be completed in late 2009, but as I found out with CQT recently, there is maybe a trend in Western Australian companies to perhaps mislead shareholders a little bit with time frames...

For example, the CQT Chairman said at their AGM on 26th Nov 09 that their DFS would be delivered on Nov 30th... what he failed to mention five days prior was that "delivery" to the company, and "delivery" to shareholders & the general public are two entirely different things! Needless to say the CQT share price has been battered since they failed to deliver on time as the market suspects that the DFS contains bad news!

At least the RMI guys have flagged late January 2010 as the "presentation" of their feasibility study, so hopefully the RMI share price won't come under pressure.

Ultimately, RMI's preliminary FS findings seem to indicate good things, and as far as I can gather, the only question mark now is funding (oh, and having their lease extended!)... but as others have previously noted, there is a tantalising Chinese connection with RMI that could sweep this project off its feet and see it to fruition in a lot less time than most would believe possible!

It could be a surprise 2010 roughie that pays good dividends if all goes well... giddiup!!

Seasons greeting to all RMI holders...