Hello Everyone,
Well, here are some 'Rough' Figures:-
71,000 Tons of Cu (so far Inferred) @ approx. $8000 per Ton comes to $ 568,000,000 plus there is a lot of Upside. Divide that by the Number Shares if You wish comes to approx. $3.50 per Share, Granted Costs are presently been evalualed by the Company. The possible reason RBM is presently just around 5 Cents is, the Glencoe involvement and does anyone here remember what happened to Mt Isa Shares before they 'Caved in' to the Glencoe Group ?
No responsibility taken for any losses in association with this Postings.
Regards,
moly
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redbank mines limited
what could the present resource worth
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