RMX 0.00% 0.1¢ red mountain mining limited

rmx on 20th feb -2014, page-14

  1. 5,527 Posts.
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    Pretty much what the 12th of Feb showed.

    Good grades, apparently cheap Capex and Opex being in the Philippines, but a small operation.
    Scoping to Pre-feasibility study later this year, currently funded thanks to recent raising.
    Drilling to continue and announced along the way.
    Possible exploration upside.

    Unfortunately, over 685 mil shares now and a $16 million market cap, and more funding will be need to get project up and running. The main rise was from the 0.003, but drill results could tip it either way.

    On the plus, I do like the management, very experienced in getting projects off the ground.

    Finally, and probably more significantly, Jon's comment that "We'll be there for a few years" sums it up. Another one to keep an eye on.

    That was just my take of the presentation.
 
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