RBM has completed some very important steps recently as to help...

RBM has completed some very important steps recently as to help the company survive any meltdown to the ASX, with cashflow positive production from their Redbank copper operation and recently signed offtake agreement with Glencore which locks in all copper sales at spot prices, also the completion of the share purchase plan which gives the company vital cash to do some serious drilling on the exciting Redbank tennements.

Unlike so many other junior resource companies listed on the ASX, RBM has real reserves and real cashflow. You just have to shake your head at some of the valuations of some of these Uranium explorers, companies that have no reserves and no cashflow and no prospects of ever developing anything!!

RBM has limited downside due to the fact that even though they have had some very significant drill results the shareprice is yet to run hard so there is not the excess in price like so many other companies. If the shareprice comes under any significant pressure there will be the vultures out there willing to snap up the company at a bargain price knowing that there is so much upside due to the limited exploration to date.

Remember Aegis did a research report in January giving the current value of the company of 30c which did not include any of the recent drill results or future exploration success.

With so much going for it RBM at the moment any short term weakness will be met with buying. Just look at last week it finished at the same levels as it started, not many companies could boast that.

And I am confident that the shareprice come the end of the year will be higher than its current levels, due to the extra time to drill at the Redbank operations not to mention the stage 2 production expansion that will increase cashflow and profits!!