RMX 0.00% 0.1¢ red mountain mining limited

opening price afer announcement , page-3

  1. 4,880 Posts.
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    Define good & define bad.

    Bad as in it's going to cost us $1600/oz to dig this stuff out of the ground so we reccommend not developing the resource ie game over. Well then kiss goodbye your money and it's all over.

    Good it's going to cost $500-700/oz to dig out of the ground and we found the motherload at the surface. We have mining approval and have finance sorted to be digging stuff out of the ground by years end well then the skys the limit.

    The truth will be somewhere between those 2, unless it bad bad then we should see a positive movement from where we are now. My guess is it'll go back above 3c but that's my finger in the air guess.

    Paterson's set a target of 8.5c previously what information they were privy too to establish that number who knows. If it hit that many on here would be very happy while others who bought at the start of last year would still be down if they were holding since then.
 
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