rmi - past, present and future

Hey guys, just some weekend discussion on RMI.

have wrote up this over the last week and decide to post it on a beautiful sat morning.

RMI (past)

2003
- change of coy name from CBO to RMI
- Drilling commenced at Wowo gap

2004
- results of high grade intersections at Wowo gap being released
- JV struck in Three rivers project (to focus on Wowo gap)
- Purchase of Argyle iron ore project (75% stake for $2million)


2005
- drilling @ Argyle + high grade haematite results

2006
- termination of Ravensthorpe Iron Ore Project (to focus on Wowo gap and Argyle iron ore projects)
- expression of interest in Wowo gap for potential JV and development

2007
- drilling @ Wowo+ exploration updates thru the year

2008
- divestment of interest from Argyle leading to the Sale of Argyle iron ore project (2.7million) --- "the settlement has allowed the company to focus exploration and development activity at Wowo"

2009
-Wowo Feasibility results out

2010
- Wowo gap tenement renewal granted
- strategic review and application for other tenements
- soon to announced drilling at Wowo


imo, progress at Wowo gap has been accelerated since the sale of Argyle. With feasibility study and the 2 year renewal at Wowo completed, imo should present potential interested parties with a higher level of confidence to look at the resource at Wowo.

as per march qtrly, "RMC continues to seek interest from a variety of parties for joint exploration activity at Wowo Gap"

a question to all, what do you feel about the JV opportunities for Wowo gap or is it just me who's thinking that Wowo is ripe for the taking??

pls shoot me down as i want to hear from your honest views on whats in sight for the future of RMI??


thanks in advance!