Copper is running so fast ,we may see $5 +/lb in few months . If everything goes as planned we may see £2+ by summer 2023 ....waiting for gold result which will be great and bonus for us ....just needs a JV of little deer then sky is the limit .....
Excellent findings.hopefully attract new investors and make them understand why we are so confident about rmm .£1.20 to £1.50 by same time next year ...
Assuming we produce 1350/tpd @2%cu as we told and copper price $9000 to $9300 per ton ...when can we hit 300million+ market cap ? Any timeframe anyone ?
By new year,£1+ by summer ,£1.50+ by December 2022 and £2+ by q1 2023.recent dilution will be omitted by high copper price next year,high cu grade with excellent recovery rate,more than 1350/tpd as 4 stopes will be available by January/Feb.you never know may be something is happening behind the scence about little deer ........either way we r going to the moooooooon...(please adjust your mic ..sorry seat belt)..
November production rns coming next week ..hopefully that will pull up to 40 to 50 range again .end of December hedge will clear and we will just boom...
Copper is on its way to $10000/ton soon and hopefully that will help rmm when new hedge figure will fix unless it's already fixed .at least not less than $9200/ton I hope....
RE: Annual profit - fag packet estimates18 Nov 2021 10:08
£28m×8=224m market cap 224m÷134m=£1.67 So if we can make £28million profit only from copper sp should be £1.65+ based only from copper ...with gold,diamond in coming years and installing ore sorter next year sp should be £2+ if I understand correctly..if we have any news of little deer .....oh boy sky is the limit....tardis ,oil tap and cornish whats your opinion?
Someone already invested in rmm and doesn't understand what is ming mine ,nugget pond ,little deer,1350tpd@ 2%cu,stopes,ore, ore sorter etc ....I don't believe that unless he/she has some other motives....
After today's drilling result and finance deal is just round the corner ,with record breaking copper price .....I just guess sp should be atleast £1.20+ by end of q1 2022 .......