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Can i get an invite to discord ?
Great video. Appreciate the effort that went into the research.
Very helpful video - have looked at this for a few weeks and now have bought an initial tranche and will look to add....and wait! Thanks to you LTH posters - some very informative posts to help a newbie
Brilliant vid thanks chaps! Shared it on our Discord which Cornish is also part of.
https://discord.gg/f32899Mt
With regards to Corporate communications, its very quiet, my gut feeling is they are trying to get to a position where there is constant newsflow.
Cyberbub, thanks for the feedback. My apologies about the slip of the tongue describing the forecasts as being based on Cu at $4. In the presentation it states it as $3 several times, and I do say that later in the vid. I have added a clarification to the video description admitting to the error. Good spot. Thanks.
Very nice video Contrariwise thanks!
Two quick points: there's an error on the market cap figure at the end (as mentioned by your colleague), and halfway through you say that all of the forecasts are based on $4 copper where the slide shows (correctly) that forecasts are based on $3 copper.
But very good and comprehensive, and Frank as well. As you say there may be headwinds from placing shares and warrants for a little while, but if the management deliver a good positive newsflow then these won't take too long to overcome IMO.
The basic requisites for major profitability are: management execution and copper price. That's what you're risking your money on by investing in RMM.
NAI
Actually I updated it now while on a conference call: https://youtu.be/hh2iifj9AQE
Cornishknocker, no offence taken. On the podcast we do our best but are very well aware that we don't know everything. We are very open to constructive criticism. I will update the description tomorrow.
Yes of course! I hope you didn't take that as a criticism, to be honest its a credit to you tgat you picked up tge railings management, its something that a lot of people don't think about.
Cornishknocker, thankyou once again for sharing your expertise. As someone new to the story it was difficult for me to find a way in. Would you mind if I added your comments to the description on the Youtube video? The more information the better. I will also add a link to this thread.
Hi Contrariwise, thats a great video (and thank you for the mention).
Just a couple of things: -
1. Tailings facility, a full tailings dam is not required, with tailings storage required being surfe/standby capacity only. The reason for this is that the duck pond mill includes a paste fill plant. The paste fill plant thickens the tailings to enable it to be placed underground (tailings dams are turning into a thing of the past after several high profile dam failures). If you look at duck pond on Google earth, tge mine had a modest 5000m2 dam, which would have mainly been used in the early days of operation before mined out stopes became available for backfilling. We already have lots of mined out areas for paste fill.
2. Ore sorting feasibility study - this is a pretty small study as the hard work was done a couple of years ago into the technical study if both XRT sorting and traditional DMS. So the feasibility study won't be much more than re running the financials.
By "on here" I should clarify I mean this chat room not your presentation.
Thorough and informative. How long investors have to wait for a decent return will depend on a) progress in the turnaround plan b) how well that progress is communicated (a point you made very well) and c) how forward looking the market decides to be on this company. I am hopeful of a significant rise before 2025 but by the same token some of the forecasts on here seem a tad optimistic! AIM is unpredictable and you were wise to add your disclaimer, but working with the facts as you laid them out would certainly help any potential investor to make a decision about the company.
Diryan777, great vid. Thanks. We will be updating our Share Talks occassionally, after half yearlies etc.
Thanks for the positive feedback. As you may be able to tell trying to work out what the story was took me some detective work. Thanks to everyone in this chatroom for their help in pointing me in the right direction.
Excellent presentation and well balanced. Most of it probably underlines why Josh Brown on Half Time Money stated yesterday that he wouldn't be investing in any Canadian mines anytime soon. It also helps to see issues addressed in black and white, something the Company hasn't done (communication is awful).
There are a lot of IF's to be firmed up before the Company moves significantly forward BUT the potential is there. I guess it depends whether investors can wait until 2024/5 before reaping rewards.
Thank you for taking the time to provide a good Company summary. It is truly refreshing to see a balanced view.
Good to see Cornish mentioned !
Great summary - appreciate the information being provided in a digestible form. Note to others don't be put off by length of video to be honest you can actually listen at 1.5 x speed in settings if you are pushed for time.
Thanks to everyone on this chatroom who helped me put this together for my youtube channel (not many subscribers as yet, but growing, and it is keeping me sane during lockdown). I would be grateful for any feedback or corrections.
https://youtu.be/hh2iifj9AQE