the last couple of presentations by Gino Vitale MD of RBM, he has constantly been talking up the relationship with Glencore.
I believe the trading halt will result in one big announcement outlining the funding package with Glencore, the updated resource statement for the Redbank project area, and finally the decision to upgrade the plant/copper production. This would be a major boost for the credability of RBM.
Also you may ask what Glencore is getting out of the deal, they are getting their foot in the door to what many people are speculating,and that is the massive sulphide copper deposit that lies beneath the current Redbank project area.
And if RBM can get a funding package of say $10-15 million not only can they increase production they can also start drilling those deeper holes to see exactly what lies below the brecia pipes in the Redbank Area.
RBM
redbank mines limited
