RMX 0.00% 0.1¢ red mountain mining limited

The difference between AVZ and RMX is that AVZ has re-rated...

  1. 494 Posts.
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    The difference between AVZ and RMX is that AVZ has re-rated heavily since it clinched that amazing Lithium resource and in the last month or so has doubled in MC.

    RMX seems to be even cheaper since announcing its Mokabe Kasari Co-Cu land grab - and has more attractive terms (due to it being a highly speculative greenfields project against AVZ with $50M drillouts done)

    The markets overnight have tanked and broken through short-term support - so I'm expecting more red to come. Its a shame as the speccie market just had a couple days to say 'hey'. Then again - the market can't ignore the FA and cheap MC in RMX forever.

    I don't know how the market will respond to RMX proceeding with the DRC project, however I believe it will depend on market sentiment at the time until we get details on the exploration and drilling campaign. Until then RMX will be driven by its Lithium brine project
 
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