RBM redbank mines limited

suckers, page-7

  1. 1,723 Posts.
    I dont understand the negativity on this stock

    todays report states"

    1.6 Project Development Strategy
    The recent increase in JORC classified Mineral Resources
    supports the Company’s staged development strategy with the objective of producing 10,000 tonnes of copper per annum within a 12-18 month time horizon (previously 3-6000 tpa before Mineral Resources upgrade).'

    This would be worth about $80M ie about 5 times Cap.

    This would see a significant revision of the price.

    Why shouldnt we believe them?
 
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Currently unlisted public company.

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