RML is trading at significant discount to its resources I suspect due more to location than their process risk discount.
They have one of the best partners technically for this project who would not stump up funds in a Philippines nickel project without a reasonable chance of success.
The price of cobalt they used will directly impact the cash cost, would not want to see a high cobalt price in their study.
Large heap leach may take longer to get into production, local approvals and enviro approvals will be challenge. High rain fall could also be an issue.
RML reminds me a little of HRR before they proved their upgrading process, years away from production at that point however the result was lucrative for shareholders in the months following.
Would not be suprised to see steady accumulation in RML in the months leading upto first results.
