Morning Iona,
Was at the Investor Day.
RBM presentation OK. Spoke to Gino afterwards before he had to leave.
Asked about the funding for RBM Mine, and he said they had had interest from the Chinese, and Glencore. RBM waiting on DFS results, and then decide on the funding options.
They want to get into production before taking on the costs of drilling deeper holes into the possible source of the breccia pipes.
Didn't get a straight answer on the Mt Kasi Fiji ground. Looks like that is dead in the water atm until Fiji Gov't renews leases (no mention of this in the presentation).
RBM are applying for additional ground NW of ERL94. See presentation on Website.
And guess what the P word was mentioned. RBM looking for Phosphates, Managnese and Uranium along with Cu-Au.
Overall an OK presentation. Just need to sort out funding, and the obvious will be more dilution with 60M share issue planned, but we need the cash to move on.
Take a look at the presentation online for more info.
Mino
RBM
redbank mines limited
