the shareprice will likely appreciate leading into the first lot...

the shareprice will likely appreciate leading into the first lot of drill results from their high grade copper tennements in the Northern Territory.

given the market's current appetite for risk, which has seen plenty of spec's shareprice explode over recent times, anything is possible.

also the company has a general meeting tomorrow, with the company hopefully releasing the final details of the mine plan for the Redbank copper mine which is due to start up in the first quarter of 2010, at an initial rate of 10,000 tonnes of copper per year.

ill be keenly watching for news.

Below are some results from drilling campaigns conducted last year by RBM, many are very high grade in nature, and if repeated will likely see a substantial shareprice re-rating of the shareprice.

• 37m @ 8.4% Cu from 5m, including 10m @ 20.67% Cu from the Redbank Deposit;
• 35m @ 3.92% Cu from 6m, including 8m @ 12.8% Cu from the Redbank Deposit;
• 12m @ 4.42% Cu from 3m from the Azurite Deposit;
• 13m @ 4.09% Cu from 8m, including 3m @ 9.55% Cu from the Azurite Deposit
• 44m at 7.1% Cu from 5 m
• 19m at 4.91% Cu from surface
• 13m at 2.41% Cu from 92m
• 41m at 1.67% Cu from 113m