Thanks for posting that, the figures and costs involved seem to stack up pretty well so far.
Having access to the existing drilling and feasibility work from US Steel effectively allowing Richmond to skip 3 years of work is a big plus for me and overlooked by the market imo. I have shares in a junior in WA and it took them 3-4 years to get from the initial target estimate to the maiden JORC after a lengthy native title delay. 1-2 years of further drilling and metallurgy and 1-2 years further for infrastructure and permits follows which is a very long path to production. Richmond can skip all this and just concentrate on completing the feasibility work then get on with mine construction. This in an area crying out for employment as previously posted.
RHM Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held