Lads I'm having trouble talking about the fundamentals without going into a rage over the share price action. However the fundamentals are great:
Cash in the bank exploration program fully funded. Deep in the money options will ensure further cash inflows Metal price is strong at $33lb. Value of Metal in ground $A8Billion - $18Billion depending whether you use Rio's unofficial opinion or just stick to current official resource estimate. No debt One of the highest grades in the would. Lare European Fund Manager just took a decent position bet they wish they had waited 2 more weeks) New powers behind company are well connected and capable although it seems hopeless at managing a share register. Project sits on the coast in Sulaweisi and has access to natural harbour and nearby river system for hydro power generation. Market outlook for Mo is sound especially with Chinese cutting back on exports.
RCH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
