RML resolution minerals ltd

Nice quote - of yourself. NST didn't achieve huge gains by being...

  1. 2,605 Posts.
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    Nice quote - of yourself.
    NST didn't achieve huge gains by being an explorer and building mines. They did it by buying up old, tired mines in Australia at distressed prices from foreign companies wanting to exit Australia. Then, with clever management, they systematically rehabilitated those mines and turned them into money making enterprises.
    NST didn't discover the Pogo gold deposit. They bought it from Sumitomo about four years ago as a fully functioning mine and set about improving the way it was operated. It was NST's first overseas mine. It has not so far lived up to the optimism, mainly due to Covid. Also, Alaska is a very expensive place to go mining. Check Pogo's current AICs. Sumitomo didn't ever make a lot of money from Pogo so they were happy to let it go for a fairly cheap price.
    There is no reason why RML can't find indications of a deposit rich enough to mine. If/when they do, there will be more than enough interest from not only NST but other miners keen to buy a profitable deposit. There will be multiple offers on the table, which anyone who has ever sold a house would know is a very good thing. NST won't necessarily end up being the buyer.

 
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Last
4.4¢
Change
0.000(0.00%)
Mkt cap ! $23.68M
Open High Low Value Volume
4.5¢ 4.9¢ 4.1¢ $1.421M 31.40M

Buyers (Bids)

No. Vol. Price($)
1 1554 4.4¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 1333968 5
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Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
RML (ASX) Chart
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