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I’m invested for the long term . Mines have true potential. Just have to be patient and let them get on with doing their job . This is my fav share and patience will pay off !!!!
5 mms now on .43 looks like they are getting read to move this up again now panic is over
Exactly. We have 3x 100% owned copper mines. Little Deer and Whalesback are generating significant interest.. hardly a surprise. The Ming Mine is undergoing re-development and once achieved will be producing eye watering profits.
Huge overreaction this morning. Especially considering how this is currently valued... at peanuts. In a years time I’ll give a thought to how some panicked and sold an undervalued copper producer at the start of a bull run below 0.50 just because the mine needed further funding to not only reach its full capacity but to also to also go on and produce more Cu Sales than ever before.
Whilst given the economic situation surrounding copper, you can almost guarantee any funding terms will be extremely favourable.
Oh.. Copper is also climbing at a rate of knots. From $4000/t in 2020 to $10,300/t and forecasted to climb to $15,000/t+. Gold has also recently started to join the party. The value of those 3 assets is gaining substantially every day.
I also appreciate how the RNS’s are written. To the point. Not only have they recently provided excellent buying opportunities. But going forward trust in the BOD is key, Compared with Vast for example who gloss over everything.
“The Company saw improved development in Q1 2021 achieving the highest quarterly results since 2019. It is anticipated that the rate of production to achieve consistent full capacity utilisation of the mill will be achieved by year end.“
Personally pleased with progress being made in a very favourable macro environment. GL to all LTH
Absolutely right - check out the article in the FT today re Glasenberg talking about the need for 15k copper price... Come back in a year and RMM will be humming along.
Am chilled, this is not an explorer its a producing Copper mine with Gold and Silver thrown in remember that, imo today is an overreaction to what was generally a balanced RNS with a credible turnaround plan.
This share play is a marathon not a sprint, and the tree shake will see more shares move from the weak to the strong, the impatient to the patient holders, and for as long as we see demand outstripping supply, and a strong Copper price, i will hold, so will be here for the longer term....
But dont take my words as gospel, DYOR and then decide on the best strategy for yourself. Have a great day.