Not the REEs, as you need ten plus years and many many huge buckets of cash to reach production. Talking in the one to two billion dollars for the building of the mine site, mine and processing plant.
I held ARU for ten odd years and they still have not reach production stage yet (getting closer).
RMX's JV partner is too clever to do REEs on their own, they will suck RMX dry, spit them out, then take the over the reins with other JV partners repeating the process.
RMX is a one resource style of company, they are nearly dead broke and have almost three billion shares on issue. And the share price doesn't rise much further than now.
My thoughts are should I hang around or run. Nevada on it's own is very tempting to stay.
RMX Price at posting:
0.3¢ Sentiment: None Disclosure: Held
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.
(20min delay)