Member Info for Dubbs99

Just remember it took Tesla 18 years to generate profit but has a massive Mcap many years before it did because of its potential. RMM owns a world class mineral resource, the potential is there..

to see some fairly large selling today..

https://m.youtube.com/watch?v=5zU15H1xrMw

https://m.youtube.com/watch?v=5zU15H1xrMw

‘Only targeting a production target of 10,000 tonnes of copper at its peak in 2024’! If and when that’s achieved the company would be worth $200M+. That’s what I’m willing to wait for. Toby Bradbury is looking to accelerate development and growth beyond that level too now. We just need the financing finalised!!

I think it is the same old AIM nonsense. The interview with Toby yesterday was extremely positive in my view. Finance will be sorted and by Xmas production target will be achieved on a sustainable basis. 2022 should be very profitable and 2023 onwards will be even better. TB and team are making sure the mine is developed and operated properly for the first time in RMMs history. I’ve bought more this morning and feeling very confident indeed. Just patience needed.

https://t.co/8llU2vY8FJ

With Finance sorted when production achieves the 1350 tpd, having a copper price of $5 per pound would be very nice!

Levi, Yes, very refreshing and let's hope so. Thanks.

Good point! Sorry.

Levi, in cash terms they are only paying £30k now and another £20k p.a for another 4 years before a £150k final payment in 5 years’ time. Hopefully, by then such a payment should considered very small for Panther.

‘Worth of resources’…

Copper just hit $4.55!

RMM just need to execute the plan, with over £3bn with of resources in the ground that are becoming more valuable it will be done. I’d prefer sooner rather than later but it will be done and RMM will be very profitable. Once the mine is operating at its optimum and the ore sorter is in place the MCAP could easily be between £200M and £300M. Just patience needed.

Welcome on board Titam,, refreshing to read a post that makes sense from a long-term investment perspective based on straightforward research, experience and common sense.

Tonnes per day (produced). By the end of this year RMM plans to produce 1350 tpd at a grade of 2%. At that rate, 1350 x 2% x $9,500 (current copper price per tonne) would equate to £183,000 of revenue per day.

Back on track to be very profitable in a reasonable time period. Risks significantly reduced/mitigated, those who can see the significant opportunity are, and will continue, buying back in. Following the reversal in the SP decline it should start heading back to at least the 60p range over the coming months. Good end to the week.

Absolutely Cornish and it takes time, don't we know it, to get financing arranged, the best turnaround management team in place, the optimum strategy agreed, proper staffing on the ground, the mine repaired and functional (with contingencies developed). In my view, the ducks are very much being lined up. The SP may remain at these very low levels until all the above is finished and evidence of planned production levels and head grades is achieved but from my perspective I am becoming ever more confident that in less than just 6 months the Ming Mine can at last start to be very profitable. So now is a absolutely a good buying opportunity and then hold for at least a year or two. Additionally, we could receive some great news from left field such as a JV re: Little Deer or even a T/O approach. The risk of bad news (insolvency, insufficient finance to make the necessary investments, continued low production, further mine damage/deterioration) are also reducing month by month. Just patience needed now, GLA.

Absolutely Musey, the current SP does not reflect anything like true value for the business but sentiment is understandably low until Rambler proves it can produce to plan. When that comes, hopefully within 6 months, things will look much, much more rosy.

Great RNS, not only does it highlight the very significant resources and opportunity at Little Deer but it also provides enormous confidence that the Ming Mine will soon, at last, be producing in a ‘reliable and consistent’ and profitable manner, generating very significant free cash flow.

This company is worth a lot more than £30M, hold on to those shares!

Personally, I think the financing deal achieved is about as good as long term investors could have hoped for. We now have certainty of the company’s solvency and capacity to ‘capitalise’ the mine to ensure, with contingency and flexibility, that it will be brought back to achieve at least the production level previously managed pre-covid and the mine being allowed to fall into disrepair, namely 1350 tpd. The plan to hit 1500 tpd in 2022 would be extremely welcome and sounds eminently doable. By my reckoning that should enable revenues of at least £70M per annum and significant profits and free cash flow. Rambler has c. £3 Billion of inferred resources and as long as the Copper price remains higher than about $3.2 then there is a lot of money to be made. At the price I believe ‘where there is a will there is a way’! It looks highly likely that the price will exceed $4 for quite sometime. Toby and team are turnaround experts and they’ve done it all before and I see no reason why they won’t do it again. Once 1500 tpd production is achieved Rambler has to be worth £100M minimum. So great news this week now let’s all wait, good things will come.

There will be volatile fluctuations in the SP in the shirt term as the traders make their 10% but the current SP doesn’t reflect anything like the value of a world class resource with a mine funded to achieve a very profitable production level. True value will be achieved even as early as just 6 months away.