One of the reasons RMI is lagging the other resources stocks is that the Management is not doing any real promotion. RMI actually have some world-class nickel laterite deposits in PNG. I know nickel laterites have been a dirty word recently but the good thing about RMI's nickel laterites is that they are amenable to atmospheric leaching and will not need a high pressure, high temperateu leach like most of the WA nickel laterite deposits. This will mean the capital costs will be a lot less than the WA nickel laterite mines and the on-going processing costs will be less. Its a pity the management is not putting out some of this info. However, I agree with the prediciton that RMI will soon go to 2cents. With the right promotion RMI should probably go to 3 or 4 cents given the quality of their nickel laterite assets.
CBO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
