RMX 0.00% 0.1¢ red mountain mining limited

I'm personally expecting up and above the 75 million mark,...

  1. 34,916 Posts.
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    I'm personally expecting up and above the 75 million mark, provided the drill results are positive and the acquisition is a valuable one.

    You can only hope but in my experience this is unlikely anytime soon. $75mill is a decent marketcap. I don't think you'd find too many explorers in RMXs area sitting at that sort of marketcap with only some initial drilling results behind them. The market knows any success will require large influx of money through raisings for further drilling to get to proven resource status and this has to be factored in when discussing market caps. Once again though the acquisition is the unknown but based on price action before the halt I'm not expecting anything immensely left field. We''ll soon find out.
 
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