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RMI, RESOURCE MINING CORPORATION LIMITED
scully
post Posted: Jun 9 2015, 08:13 PM
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In Reply To: grommit's post @ Jun 9 2015, 07:45 PM

Hi Grommit, yeah RMI is a sleep alright the only positive i suppose is our huge Asian mining company largest share holder but even they seem to have no intrest at all at current levels she sure is a sleeper RMI just hope its not in a coma .

 
grommit
post Posted: Jun 9 2015, 07:45 PM
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In Reply To: grommit's post @ Jun 30 2011, 01:19 PM

Scully...where are you now? One of my worse picks. Looks like no turnaround in sight!

 
grommit
post Posted: Jun 30 2011, 01:19 PM
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In Reply To: scully's post @ Sep 28 2010, 07:16 PM

Where are you SCULLY??..still holding this dog? some good results coming through...will remain static until then...i held...when will i ever learn!

 
scully
post Posted: Sep 28 2010, 07:16 PM
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In Reply To: scully's post @ Sep 6 2010, 07:59 PM

40M + vol today and hit a high of .9 make sure you are on RMI before the wowo results are realeased big ST gains available here for holders October is RMI,s month with whats due .

 
scully
post Posted: Sep 6 2010, 07:59 PM
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In Reply To: 25%'s post @ Aug 31 2010, 10:12 PM

HI 25% it,s on the company websites JORC resource update check it all out well worth a look ,exciting month ahead 25% with results of WOWO drilling due Oct and the recent update was very very very positive Re WOWO Gap drill progress smile.gif


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25%
post Posted: Aug 31 2010, 10:12 PM
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In Reply To: scully's post @ Aug 30 2010, 08:48 PM

Thats a range of 9.5c - 38c with a "preferred value of 10.7c a share

Hello Scully,

Can you qualify this value range by providing the mathematics to support the above statement please?

thanks ....... 25%


 


scully
post Posted: Aug 30 2010, 08:48 PM
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In Reply To: poortrader's post @ Jul 27 2010, 03:23 PM

After todays update RMI is going to go off IMO pulled this from HC worth a read

So RMI have the WOWO Gap project and as the Quarterly has told us it is our companies main project ATM ....So whats WOWO worth to our company well we already know that our #1 Holder Sinom with 19% of our company is one of China's Conduit,s for for IO and Metals Etc..... Sinom being our # 1 holder is a huge gain for Head office it put,s us in the Big league when it comes to getting in front of the Big $$$$ exiting China ATM and finding there way into Aussie Junior Miners like little Our RMI with Mother lode IGV all the experts have run the numbers over WOWO and ATM the Spec is building big time on the feasibility study out due now to be released, that will lay it out in black and white just what the value of WOWO gap is in todays rising Nickel market.

WOWO Gap Project Valuation

In order to understand the value of the Wowo Gap Project, as part of the next stage for development and for information as RMC seeks to engage a major industry partner to undertake further work at Wowo Gap, the Board engaged Mr John Wyatt to undertake an independent valuation of the project.

The following is a direct quote from the summary of Mr Wyatts Report:

Based on the results of exploration completed to date within EL 1165, Wowo Gap, PNG together with an assessment of similar lateritic nickel/cobalt resources in Papua New Guinea, New Caledonia and Australia, the Wowo Gap Project has been assigned a current value within the range:-AUD$150M to AUD$600M and having a preferred value of AUD$168M

This valuation range was calculated firstly using what were believed to be suitably discounted net present values of estimated cash flows using information on mining costs and metal recoveries supplied by RMC.

The preferred value was selected by way of comparisons with other nickel/cobalt projects, particularly in PNG, nearby Caledonia and Australia.

Whereas the valuation date is based on current metal market conditions, the selected metal prices came from historical records over the past 20 years, between 1989 2009

According to Mr Wyatts valuation approach, the above value is based on the exploration value as opposed to an operational value, as such, an increase in the resource confidence level, may translate into an increase in overall project value.

The full valuation was released in the 2009 December Quarterly Report.

" the Wowo Gap Project has been assigned a current value within the range:-AUD$150M to AUD$600M and having a preferred value of AUD$168M"

Thats a range of 9.5c - 38c with a "preferred value of 10.7c a share

HUGE UPSIDE FROM THESE LEVELS CREW just watch RMI run hard as the story pans out

One can only imagine what RMI SP can do moving forward RMI is building as a mega spec play on the back of WOWO Gap IMO.... very happy to be on board the progressive team in a big way bring on the WOWO head office smile.gif$$$$





 
poortrader
post Posted: Jul 27 2010, 03:23 PM
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In Reply To: scully's post @ Jun 28 2010, 06:02 PM

wow no trades today.....

im too impatient for this one..

 
scully
post Posted: Jun 28 2010, 06:02 PM
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In Reply To: marwoode's post @ Jun 28 2010, 05:08 PM

"RMI could easily attract big partner interest given the scale of their Wowo Gap project... and that could be the catalyst for a substantial move higher..."


We all ready have Sinom on board with around 20% of script off memory Marwoode and Sinom sure have the leads in China and as we all know WOWO is a huge resource worth potentialy billions of dollars , i cant wait for RMI to pan out and i think you are right the JV Ann could be huge for RMI .

Holding tight iam in for the long haul on this one smile.gif


 
marwoode
post Posted: Jun 28 2010, 05:08 PM
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In Reply To: poortrader's post @ Jun 28 2010, 04:50 PM

PNG political risk is nothing compared to the crazy Communists running Australia at the moment... the smiling red haired assassin may pretend she is going to compromise on the RSPT, but what even she gives back to the miners, she will have to take from somewhere else... maybe it will be a revamped carbon tax? maybe it will be a new financial transactions duty? maybe it will be some draconian residential property tax? or change in CGT free status for residential property? or maybe a boost in the GST?

I think until the Labor party is voted out - which sadly may not be this year if the silly electorate lets the red hair be pulled over their eyes - the small end of the Aussie mining sector will be moribund, so my spec investment dollars are flowing to safer sovereign risk countries like; PNG, Indonesia, Thailand, Zimbabwe (ok, that last one is a joke!) etc etc

RMI could easily attract big partner interest given the scale of their Wowo Gap project... and that could be the catalyst for a substantial move higher...

 
 


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