I dont understand the negativity on this stock
todays report states"
1.6 Project Development Strategy
The recent increase in JORC classified Mineral Resources
supports the Company’s staged development strategy with the objective of producing 10,000 tonnes of copper per annum within a 12-18 month time horizon (previously 3-6000 tpa before Mineral Resources upgrade).'
This would be worth about $80M ie about 5 times Cap.
This would see a significant revision of the price.
Why shouldnt we believe them?
RBM
redbank mines limited
suckers, page-7
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