Tritton copper mine at Cobar (started by McM) is now part of Straits and so we can't value it, but I suspect that the numbers on that are even better than NFE. Also, the Luri gold deal in Zambia was going well, until the unpredictable Zambian government simply pulled the pin. I suspect they wanted it all for themselves, - reminds me of a western government close to home. They later reinstated everything back to 'as it was before' (their words). Too late.
Richmond looks to me pretty much like a low value sleeper that nobody was doing anything with, until McM came in. It may take some time, but I am very confident of a good result.
Currently, the nervous-nellies in the big market have voted for a pause. That's normal.
I have learnt to be a people-person, and it seldom fails.
My friend at Westrac CAT distributors reports that sales of heavy CAT equipment is still going gang-busters. The mining boom is still on despite the headlines we will see today about a Chinese slowdown. Slowdown to a fast trot, from race pace.
RHM Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
