Hello Kray, Sirsenor and all Readers, The following Quote from...

Hello Kray, Sirsenor and all Readers,

The following Quote from Page 5 of RBM's Activities Report Sept 2007 clears up the present RBM Cashflow Report, and accordinally it would be approx. $ 640,000 in Credit based on approx. $7,000 per Ton of Copper for the 92 Tons produced for Half of the Qtr. between mid-May and the 30 th of June ..

The Quote :-

' The Final Price for the Product shipped by the Company during the Qtr. will determined based on the revelant Quotational Period, usually Three Months after the Date of the delivery to the Destination Port'. / End Quote

In the Sept Qtr 2007, 172 Tons were produced and using that as a 'Yardstick' for this forthcoming Qtr. (remembering that 190 Tons were produced during the December 2007 Qtr.) we should see approx .another $1,200,000 go onto the Books in the December Qtr.. Operational Costs are now decreasing after the original 'Start Up' Costs of the Predevelopment Production Phase and now could perhaps come in at approx. $300,000 per Qtr. based on $107,000 for Half of the last Qtr.. RBM is very Solvent however it is just a matter of reading the entire situation correctly and after all --- Who pays a Painter before He or She Paints the House ?
RBM, thanks to some people not understanding the Book situation, Opes Prime selldown by ANZ , and 'Downrampers' , is presently perhaps the best Value Share on the A.S.X. with approx. $600,000,000 worth of Copper ' in the Ground' plus a 'good looking' Exploation Portfolio at a Market Cap. of just approx. $4,500,000.

No responsibility taken for any losses in association with this Posting.

Trusting this Posting clears the situation up,

moly