This is from Michael Kiernans letter to shareholders...5/5/09
"Resulting from our geological review we have also carried out preliminary mine
optimizations which indicate a solid net operating cash flow would be generated.
Once these optimizations are checked and finalized (hopefully within a month) we
plan to release the information publicly and we are sure shareholders will be pleased."
So at present we have a microcap($10mil) with $4mil cash in the bank.The near term prospect of a profitable copper mine.....an extensive uranium/copper exploration program over the next few months overseen by a well regarded and experienced management team.Add to that the Glencore connection and you get the picture that shes punching above her weight at the moment.
Chart is looking sweet with almost zero downside.She has the potential to progress through the ranks to become a mid tier producer.I have contined to add to my position here.
RBM
redbank mines limited
This is from Michael Kiernans letter to...
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