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Yes I agree! RMM fundamental placed at best position! having said that, as per their 2021 outlook there should be several updates now and sentiment and volume should have taken the sp further up,
2021 Production OUTLOOK
2021 will be a year of accelerating mine development and increasing rates of higher-grade production to meet full mill capacity of 1,350 tonnes/day by year end. This level of production throughput was previously achieved in Q3 2019.
During the first quarter of 2021, our focus will be on the following priorities:
· Pumping of water from the lower sections of the mine that were not maintained through the reduced production period of 2020. The dewatering requires an upgraded mine pumping system which continues to be progressively deployed after our financing was completed in December 2020. Completion of the pumping and associated rehabilitation is expected to occur by the end of February 2021 with increasing access being achieved to develop the high-grade resources present in these areas;
· Undertaking remedial work and catch-up maintenance required to bring the mining production and development fleet and process plant back into proper condition.
· A concerted drive on mine development, using contractors where necessary, to establish sufficient reserve availability to sustain mine production at progressively higher output. The objective for the final quarter of 2021 is to fully utilise the 1,350 tpd mill capacity to process around 115,000 tonnes of run-of-mine ("ROM") ore at 2% Cu grade.
· Recruitment for key positions in the operation to build on the success thus far, with personnel engaged for Resident Engineer, Project Director, Mine Superintendent, Mine Development General Foreman, Operator Trainer and Underground Operators.
· Ore sorting studies to advance the previous work done on the Ming Mine orebodies to a plant design that can be established to commence ROM ore sorting at the mine site in 2022 to capture the cost and revenue benefit of an upgraded ROM feed.
· Completion of the purchase of the 2,200 tonnes/day Duck Pond plant and planning for its dismantling and relocation to the Ming Mine site, beginning in Q3 2021. This asset is a cornerstone of the Company's strategy to further expand operations and reduce operating costs;
· Infill diamond drilling is set to re-commence in the Ming Mine with mobilisation at the end of January. This drilling will provide essential detail for improved development, stope design and grade control for operations and will also provide an opportunity for resource upgrades in certain areas.
· Completion of the asset sale to Maritime Resources Corp. ("Maritime") for US$2million cash plus shares with a value of C$0.5 million in Maritime, as announced on 23 December 2020, comprising the disposal of non-core mineral rights and redundant equipment.
· While exploration drilling was anticipated in the financing to re-commence by mid year, an acceleration of t
Nice to see copper on the move again.
Think it’s just a case of the “markets can remain irrational longer than you can remain solvent.”
It’s clear there is far more value here than the share price is representing.
Whilst this fundamental value continues to grow each day.