This is what I would say in a brr interview. Then follow it up witha mass email to every broker I know in Aus/US.
Fundamentally:
** Naracoota volcanics soon to be drilled. Rig being sourced now
** 18 anomalies, 10 of which are high priority
** 75km from Sandfire's 36% Cu hit. And, Just 1km from a mine where 7t of copper was mined at 16%!
** $3m in bank. Little stock. Sellers are few. Buyers are building in number as investor awareness increases
** But wait. There's still more,
** Iron ore. 100mt of the stuff, easilly and cheaply attained and beneficiated to 66% material.
** IO market on the up and up. Chinese and Indian steel makers on the prow for assets.
** Option to acquire Buena Vista was signed at market bottom. Was worth $75m US at initial offering.
** Over $30m worth of work done on BV and all data acquired by RHM.
** Exploration upside 400mt.
** Close to infrastructure.
** Market cap only $6m. Peer comparison = $60m , based on iron ore alone!
Technically :
This breakout is TEXT-BOOK. Bluesky break to 26c on consistently high volumes. The pull-back to support was well supported and previous resistance is now a floor. Momentum is building. I remember not too long ago this would open and close without a single share trading, now we have 1-2m shares trading hands on a daily basis. And look at the options- They're telling a story of their own. And what a story!
RHM Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held