RMI 0.00% 1.9¢ resource mining corporation limited

BHP is BHP, lets not get delisions of granduer. Ok? Agreed on...

  1. 713 Posts.
    BHP is BHP, lets not get delisions of granduer. Ok? Agreed on that. They can fund basically what ever project they want. GME i don't know the co sorry, so cant comment. RMI is a New Guinea play, its never as easy as it seems, ask Highlands Pacific, Lihir, Bougainville, Ok Tedi... all extreme cases i know, but its relevant to consider soverign risk. Yes OSH does it well, but PNG Govt owns a chunk of OSH.

    Also RMI dont have their leases renewed? Yet. So hold your horses. It will happen (i believe) but lets see the ink on a page.

    Capex is big for such a small company, bring in a partner to fund? Ok, sure but that dilutes existing share holder interest way down.

    A prior poster said he/she has had not much faith in management. I don't have a strong view, but management needs to be good to implement this thing. Like i mean very sharp. Do they have a go getter who knows nickel?

    Like i said 0.8% nickel grade in remote PNG is on the low side. On the "contained nickel in ground" another poster said its screamingly cheap, i dont have an issue with that, i thing it probably is.

    Holding some shares and watching with keen interest. Observation only, never a recommendation. Always do your own research.

 
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