Hi goldenpig,
Good topic
From my point of view Wowo is the money ball for RMI.
The big question I'm thinking about is ............what form would a JV be likely to take?
(a) Cash buy out of the project
(b) Smaller cash payment with say 10-15% retained equity free carried.
(c) A cash payment plus an ongoing royalty based on ore production.
Wowo has a current independent preferred valuation of $168M..........and that's without any further resource upgrade which IMO looks very possible, if not probable from current drilling operations.
Interesting times don't you think.
RMI= the blue chip stock of the penny dreadfuls.
Hi goldenpig, Good topicFrom my point of view Wowo is the money...
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