RMI
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0.00% 1.5¢ resource mining corporation limited

Announcement out....... at least 10 weeks to get mining lease...

  1. Goldilocks99
    713 Posts.
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    27/02/08
    16:40
    Post #: 3403084
    Announcement out....... at least 10 weeks to get mining lease renewals. Completes a scoping study. Needs US$626m to US$860m capex to build a project. A pretty big amount for a tiny company like RMI. Nickel resource grades look too low at 0.85% vs Ramu at 1% and Goro at 1.6%. Remember this is remote Papua New Guinea. Not an easy place to get a project happening.
    RMI Price at posting: 0.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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