Target minimum x10 growth in 24 months1 Jan 2021 14:02
HNY all. I have done research and written notes for RMM. In summary at 1350tpd and copper price of 3.5usd lb I get to 3.7 pps.
There are now not just one but several catalysts to drive the company forward. These all seem to be
working in favour of RMM. These include;
• Now targeting 1350tpd equates 492,750 tpa (406,298 2019 and 364,176 2018)
• Copper grade targeting 2% (1.45% 2019 and 1.24% in 2018)
• C1 costs are targeting 2.13lb USD (2.77lb USD 2019 and 3.52lb USD in 2018)
• Gold at 1,900USD oz (1,389USD 2019 and 1,262USD in 2018)
We then have increased tonnage in 2022 and 2025 which will continue to add value.