DRM demetallica limited

a broker also asks if rms is miner or investor, page-6

  1. 687 Posts.
    lightbulb Created with Sketch. 40
    1912 they have no reserves and only own 80% of the small resource they have. Even if they quadruple the resource base they wil stil be the highest valued explorer around base on an EV/resource oz. This stock is all about a tight share register, exploration upside and good old fashion hype/speculation.

    Not sure why RMS would be buying resource oz at ~$650/oz which is what they are currently doing rather than exploring their own ground. But I would be peeved off if I was a shareholder of RMS. My thought is RMS want to take a seat on the table for when the real buyers come in to take out this baby.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.