RMX 0.00% 0.1¢ red mountain mining limited

DRC potential, page-339

  1. 4,113 Posts.
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    Yes, it would seem they are very careful with the DD this time, around.

    +5 months to do DD is quite excessive, however, nothing it what it seems in the DRC.

    The deal seems too good to be true, based on :
    -the first few samples (at surface results of 1m@ +2%Cu and +0.3%Co); and
    -the willingness to re-negotiate and provide extremely favorable terms.

    All this for only $750k for 80%; or $4.25mill with a 1% royal.

    In a continent with more "princes" than there are people in Australia, it is best to take a cautious approach to DD.

    Once bitten, twice shy.

    Wouldn't want RMX to follow the lead of the group that got there licenses revoked by the DRC government, which in turn was gifted to AVZ.
    Last edited by Crazy-Trader: 29/08/17
 
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