RUM gets a mention in the Australian from Robin Bromby today.
Fertile ground.
AND, to finish, the third member of the resource boom troika: the fertiliser minerals.
UBS has upgraded its ratings on the three big North American potash and phosphate producers.
Locally, Rum Jungle Resources (RUM) has announced what it calls a "huge" phosphate find near Barrow Creek in the NT. Nine holes returned assays up to 30.2 per cent -- and the phosphate starts just 3m from surface. Rum is earning a 70 per cent interest from Aragon Resources (AAG).
And Minbos Resources (MNB) jumped 23 per cent after CPS Securities sent out a very bullish note, saying this newcomer with its projects in Democratic Republic of Congo and Angola is a "potentially world class phosphate" play.
We noticed that Elemental Minerals (ELM), with its potash in the other Congo, put on quite a spurt last week without any news.