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RMX Lithium for Tesla, page-50

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Juno

3,881 Posts.

26/11/16

10:39

Post #: 20906213
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Originally posted by makattack ↑

Gold mine will not happen, I am pretty confident of that. It's not viable. They were for years supposed to get to a BFS, they only ever got to a pre BFS whatever that means. The whole drive for this was around more placements, more money. Still a lot of work and ALOT of money required to get Gold up and running even if they do find it viable and the off chance permits are given. RMX don't have a lot of cash and I don't want to see money wasted on a marginal project. Much prefer the focus stays on lithium, and thankfully from what I have seen so far that's exactly what management are focused on.

Best result for Gold mine would be a sale and more money in the kitty.

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Definitely agree, all signs point to approvals being the never ending story there, any further funds expended stand a high chance of being wasted.

RMX Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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