Sino-Russian war Looming?
The Russians have taken (almost) control of MGX (Mt. Gibson) recently.....The Chinese have a substantial % of MGX......
Mt. Gibson owns around 14% of RMI.....
The Chinese even more.....
Now.....Initially MGX bought their stake in RMI because of the Argyle Iron Ore. The Chinese also bought RMI shares for the same reason.
Now however, the huge, World Class, WoWo Nickel-Cobalt (yes cobalt...ask the Chinese and the Russians about it...) Project in Papua New Guinea is emerging as the battle ground for several Majors.....Are we to wonder why?
The in ground value of this project is around $30 Billion (!!!).....Yes. You read the figure correctly.....Do'nt reach for your glasses.
It is around $30(US) billion worth!!!!!!
Would you not be interested....Do you blame the Ruskis and the Chinese trying to devour it (WoWo) before more "suitors"emerge on the horizon....
So.....what do you think is RMI worth? Presently the shares are around 4,3 cents.....(last I looked).....
Do you think they will stay at those levels for much longer?
The above is a hypothetical scenario....Entirely a figment of Spartacist's imagination....Please do your own research prior to any purchasing-selling decision.....
Cheers;)))
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