quarterly report seems good to me

This report is a synopsis of the last 3 months and NOT breaking news.

So when it says "delays", if you had been following this stock of a while, you would know this is why the stock was at 6c. The delays were priced in.

Now that company making news is forthcoming in August, this is the reason why we r trading at 12-15c.

I think the quarterly is great for 2 main points:

1. There is industry interest in RMI. I read into that there will be a massive offtake aggreement with a Chinese steel mill as soon as the Wowo resource JORC is produced as per new drilling. If you want an example, please look HIG's Ramu mine and how it was funded.

2. Extension to Wowo. If a $40 billion US resouce isn't enough, it looks as though this will be substantailly increased!

The only question you need to ask yourselves is "Am I a patient person?"

1. If not, don't buy as you don't have the makeup to wait this one out, and this will save you pain.

2. If you are, then please do the sums and you will realise that it really doesn't matter how many kinks the chart has in it over the next 5 years, the average yearly gain will be huge!