RMX 0.00% 0.1¢ red mountain mining limited

24th feb 2014 (getting in early), page-62

  1. 7,400 Posts.
    lightbulb Created with Sketch. 360
    Where do you come up with non release of some trench/drill results? There are some trench results pending and the drill program kicked off around 4 weeks ago so they are going a great job if they manage to come back with results this week or next. Normally it can take 4-6 weeks following 2-4 weeks of drilling.

    The fact that they are continuing with a scoping study based on a high grade resource scenario while the drill program is still being completed aiming to define a large, high grade resource could either be taken as positive and a sign that they know a economic high grade resource exists or negative in that the delays mean that there is no gold. Just like todays BRR presentation was taken as negative by some, neutral by others and positive by others.

 
watchlist Created with Sketch. Add RMX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.