rmi - past, present and future, page-2

Hi goldenpig,

Good topic

From my point of view Wowo is the money ball for RMI.

The big question I'm thinking about is ............what form would a JV be likely to take?

(a) Cash buy out of the project

(b) Smaller cash payment with say 10-15% retained equity free carried.

(c) A cash payment plus an ongoing royalty based on ore production.

Wowo has a current independent preferred valuation of $168M..........and that's without any further resource upgrade which IMO looks very possible, if not probable from current drilling operations.

Interesting times don't you think.

RMI= the blue chip stock of the penny dreadfuls.