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Red Mountain Mining Managing Director Jon Dugdale said “The results from the Scoping Study are very positive for us. It shows we can establish the project relatively quickly, generate early cashflow and payback the up-front capital within a short timeframe based only on known existing resources.”

“We’ll continue our exploration drilling campaign testing high grade targets at the Lobo prospect and
anything we find there could improve the bottom line even further.” said Mr Dugdale.


Guys, Don't forget Phase-1 of Drilling hasn't completed and then Phase.2. This will only get better and better if we find more gold in drilling. Just hold tight and enjoy the ride. Either you hold RMX, RMXOA or RMXOA, nothing to worry about.

I am hoping few drilling results next week.

All IMO.