RMX 0.00% 0.1¢ red mountain mining limited

Ann: Company Update, page-110

  1. 2,216 Posts.
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    I'm as disappointed as any other holder with the result today, but you can't blame management for the result. They don't control the lithium concentration present in the brines.

    The information so far, that is the rock chip samples taken at surface, suggest the Cu/Co project is extremely promising (see ASX Announcement dated 22/5/17).

    It's not reasonable to discredit the merits of the Project based on the geographical location, when it has three monster Cu/Co $B producing neighbours who operate without issues.

    Calm heads prevail today, ~$1.5m EV at the moment for a potentially high grade at surface Cu/Co play.

    I'm holding and keenly awaiting a further update in regards to the Cu/Co project.
    Last edited by notlistening14: 04/07/17
 
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