Member Info for Dubbs99

Thanks Rsmithy really useful. A year of transformation and soon Rmm will have a fully functioning very profitable business and already own enormous reserves. I for one am pleased to be invested now as I hope the SP will soon reflect the huge potential.

James, they are targeting production of 1350 tpd but it will still take a few months to get back to that level, hence the lower production forecast this year.

Sorry that should be page 6 not 7 and it’s 417k tonnes of copper not just 417!

For anyone starting to look at this company:

Read the business case/investor presentation I included in my last message.

Note on page 7 that the company already had (at Dec 19) measured and indicated resources of:

417 tonnes of copper
264 oz of gold
2121 oz of silver

There is a lot more inferred and likely still to be found.

The business case assumed a copper price of $3.

Company now has a new management team with turnaround experience and sensible plans to reduce production costs using a mine that will be significantly refurbished and upgraded.

Current sale value of resources is over £2 billion.

Yet...the market cap, for understandable historical reasons sits at less than £40M.

The upside opportunity here is huge.

https://www.ramblermines.com/files/rumble-ii-investor-presentation-october-2020-for-rns.pdf

H202, you can still buy-in at a very cheap rate, I bought a significant amount at .44 about a month ago and am still very confident that that purchase will prove very profitable before too long.

Sorry for the double post I thought the first I one hadn’t posted!

Good day today but should just be the first of many to come. The company is so undervalued still. A £200M+ MCAP is definitely on the cards so let’s hope we can reach the £100M before too long. GLA

Good day but should just be first of many as the company’s true value starts to be reflected in its MCAP. £200M+ would be understandable so let’s hope to get to at the least the £100M before too long.

The news and understanding of the opportunity here is getting out just as the copper price has picked up, so the future is very bright and I have high hopes for a very good week next week. This company's MCAP is so far short of the value of its known assets let alone future exploration potential and capacity to generate significant profits once the mine is being run effectively and that is starting to happen. GLA

Read the investor presentation on their website and then compare the price of copper to the actual price now!

Forzeb, I do not see why the company wouldn't be valued, based on proven quarterly results, over the next 12-24 months at least at£200M. Within that time it may well be possible that a larger miner who wants to enter the copper market or consolidate their copper holdings might consider a takeover.

We all would and it will, we just can’t guess when so we have to sit on our hands.

Copper price continues to soar

Company funded and staffed to transform this year

At 1350 tpd with 2% copper do the maths - at least a £10M profit per annum very soon.

Exploration to be accelerated where the last intercept showed a 70m section with 9% copper!!! That alone is worth more than £30M to an exploration company.

The mine will be upgraded and working effectively this year in a safe jurisdiction.

All we have to do is wait. This company will be worth £200M plus.

is flying again.

I would guess Angoose that the £160k was a sell by someone in the know who will start buying back after today...

That has to be right Oiltap. This company, with the resources already owned (lot more to come) and with the copper price as it is and improving is worth at least £200M if and when the mine is operating effectively. Without the mine doing that it is worthless. Even with all the warrants and options taken and there being 11 billion share at a Mcap of £200M that is a SP of 1.8p per share. I fully expect the mine to be working well this year and to become cash generative so I hope and expect this to be the last placing required. This opportunity still represents a 5 to 6 bagger minimum it is just a question of when not if.

That explains why the share price hasn’t been flying. Those in the know knew a placement was coming. The company’s long term future is even more secure now and I’m even more confident that the turnaround plan will be a huge success. Short-term of course the day traders will flee and the SP will no doubt remain ridiculously low but the market will understand the true value of this company before too long.

Onetruebaggie - I'd recommend you at least review the company's Investor Presentation/Business Case on their website. The upside is huge from here.

Yes Aubrey and that business case already looked excellent, even at $2.9 -$3.0 per lb of copper!