I've just been doing some research on RBM as a potential near term copper producer. Reading through the Qtly and Annual Reports it seems to me if RBM wants to get some of these breccia pipes in to production and expand their copper resources they had better get serious about their Feasibility Study. Doing only 300+m of drilling in a Quarter is not going to move forward their feasibility study that quickly. Furthermore, they have got a $700,000 payment due at the end of June to Mac Bank. I'm going to wait until they go lower and starting picking some up when they get to 2c. Some nice upside on the project but the SP will go lower in the short term especially as the end of June comes closer and they have to make the payment to Mac Bank....
- Forums
- ASX - By Stock
- rbm investor presentation coming up
RBM
redbank mines limited
I've just been doing some research on RBM as a potential near...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)