Crackpot, im not up to speed on MAKs benefication results but most of these projects have a DSO component and the majority of the resources need benefication to get the grade up to around 30% or a minimum of 28% phosphate. Its this benefication process that will determine if the project gets up and running. I believe that RUM can do a simple dry screening proccess and jag about an 8% upgrade in grade. The dry screening proccess is a very simple process- '
I just looked at MAKs chart and they ran from 37c to 56c on spcualtion of the JV deal with the indians, RUM is getting very close to this speculation stage of a possible JV as talks are in progress. With SOL taking a substantial holding RUM and a recent JORC upgrade of 300% RUM has everything they need to start making that speculative move towards 50c+.
RUM Price at posting:
34.0¢ Sentiment: LT Buy Disclosure: Not Held
