Rum ready to fire, page-26

From the PAC research

Milestones  
Sep’15 – RUM decision on equity partner and/or asset sale. Indicative bids due Jun’15. We assume $25m for 50% of potash resource and project.
• Mar’16 – Financial investment decision for small scale Potash Magnesium Sulphate (KMS) with production by Dec’17. (Definitive study completed Mar’16 using $5m).

Forecasted net assets for the end of this year at $49m with $3.9m cash in the bank.

RUM has delivered each year on its exploration targets within cost budgets.


On the surface it looks good. I just want to know more before investing in this. Any non defamatory comments on managements abitlity would be great because it has seemed to have taken a while to actually get things going but I'm not aware enough of such timelines in the mining game.