nice way to start day, page-8

Ace I'm affraid it wasn't me buying recently. Not because I've lost the love for RMG but I'm keeping my remaining powder dry for other opportunities. I also am very wary with the conflagration of negative world events from the Middle East to Japan. The spike in the VIX index is also a cautionary indicator. I'm still very over weight RMG & still very happy (actually happier than I've been for a long time) in that position. I welcome the involvement of Teck and the addition of our new directors. I found this article which is basically a rehash of the announcement but I love the point about the location of the new project located very near the worlds 2nd largest zinc mine. It reminds me of our similarly located copper play in SA close to one of the worlds truly great mines.

"RMG to acquire Kamarga Zinc project from Teck Australia pursuant to farm-in
Friday, March 18, 2011 by John Phillips
RMG (ASX: RMG) will acquire Sunlander Nominees, which in turn has an exclusive right to earn up to 100% of the Kamarga Zinc project from Teck Australia, pursuant to a farm-in agreement.
Teck will therefore become a shareholder in RMG, with the farm-in agreement conditional with the issue of 40 million shares to Teck, on the assumption of meeting certain Native Title Agreement obligations.
Kamarga is strategically located just 25 kilometres from the world?s second largest open pit zinc mine, the Century zinc mine, which produces 500,000 tonnes of zinc each year, which is operated by MMG.
MMG is owned by Minmetals Resources (HKG: 1208).
Kamarga hosts wide intersections of low grade zinc and lead, within higher grade zones of 5% to 20% zinc.
The company has a Geological Target of 5 million tonnes to 15 million tonnes at 5% to 10% zinc.
Adding to the potential of Kamarga, the project is well serviced by infrastructure with power, roads and a slurry pipeline for zinc concentrates.
To progress exploration at the project quickly, RMG has firm commitments to raise $1.5 million at $0.01, with a one for one free option attached."