RUM 8.70% 2.5¢ rum jungle resources ltd

Nice write up in Resourcestock magazine Jan/Feb issue titled...

  1. 2,196 Posts.
    Nice write up in Resourcestock magazine Jan/Feb issue titled "Potash Explorer On The Move To Producer".

    Highlights-
    -Strong institutional backing to be able to raise so much capital in tough environment.
    -Taking over CEN to take its deposits to over 1 billion tonnes of phosphate,quote "If it wasn't a world-class deposit then, it certainly is now"
    -bringing in big player like CICCC to do PFS on Karing Creek
    -Getting Worley Parsons to do PFS on Ammaroo
    -Ongoing exploration upside with ground near Tennant Creek
    -possibility of producing phosphoric acid on site to reduce transport costs
    -permission to cut trenches into lakes shows support for the project
    -the positives of putting the groundwork for a mine at this stage of the cycle aiming for production 2016 when prices should be competitive c/f going into this phase at the top of the cycle.
    -separate article on differentiating the problems of Uralkali and Belarussian potash as companies dealing with inferior product of Potassium Chloride as separate to RUM's
    superior product Potassium Sulphate.

    Having kept a close eye on global Potash/Phosphate projects,including RUM, for a couple of years now will start to look to accumulate some RUM as the story sounds pretty foolproof,imo, for a serious chance of success. Every fairytale has it's adversity's but you just never know which one will make the big time. RUM has to be in this category,imo, but then again not telling any of the stalwarts on here they don't already know but have still experienced some pain.

    Good luck all holders

 
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