RMX 10.0% 1.1¢ red mountain mining limited

Ann: Investor Presentation - March 2017, page-7

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  1. 6,598 Posts.
    lightbulb Created with Sketch. 1929
    Posted in the other thread but perhaps better suited here since it's on the presentation

    Nice presentation, was good information in there, very clear and concise, quite like it all.

    Explains the drilling timeframe and they will be taking over 1,300 samples in total with samples at every 10 feet, they're also drilling only in the 6,000 acres that RMX own themselves (complex, Timmi and I posted links on their land holdings, Bill owns a significant amount of the land, obviously the other 15,000 acres, see previous announcements where states 6,000 acres recently acquired and the first investor presentation in November where it states 15,000 acres already owned).

    Things looking really good, just need to get that drill bit in the ground and results in, then go ahead with acquiring the 51% of the Lithium project.

    The Cobalt Copper project looks really good with those grades as well, Co. 3%-7% and Cu. 4%-22%

    RMX management have done really well with both projects to structure the deals like this, the costs upfront are very minimal and if the project doesn't produce the desired results they can walk away and unlike other lithium company's they won't have spent millions on acquiring land just to find there's no lithium or cobalt.

    That's the only risk here, that they can still walk away on both projects, but no risk, no reward, so far it's been pretty rewarding from 1c and all initial results on both projects suggest very big things to come.

    Look forward to drilling and results coming
 
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