results disappoint...

I sold out at open. i have a small free carry left.
This result was much less than the market anticipated, months of drilling, hopes and cap raising etc has left us with an increase in the resource of 10k tonnes.
The market will not get excited about that...simple.

The management has not done anything wrong that i can see. they dont control how much metal they find. they have some good ground but have not got a substantial company making resource. perhaps they have some good cashflow until they find something else. There is nothing wrong with that, but its not a market mover.

There is no comparison to what TZN have. TZN have $11 billion in resources at $3000 AUD zinc and $2000 AUD lead price whereas RBM have about $500 million at long term copper prices.

cheers andrewe