RHM 0.00% 30.5¢ richmond mining limited

This criticism is just an absolute classic. Drilling has been...

  1. 864 Posts.
    This criticism is just an absolute classic. Drilling has been done, but because it wasn't done yesterday it doesn't count.

    I can't understand this mentality, it will be pretty surprising if the geology has changed in the last few years.

    This sort of thinking is the reason that AVB was overlooked for so long and their drilling was as recent as 2008. However, if you're do your research and get into a stock which has proved it's resource in the past you're on a winner.

    Everything points to RHM being able to make a couple of hundred million per year, but the market won't look at it because the holes were drilled too long ago.

    The reason Veritas was able to produce a report that sets out 'assumptions' of production costs from digging to beneficiation is because it is actually already known.

    The market cap in comparison to likely near term revenue is still totally absurd, despite the recent SP rise.
 
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Currently unlisted public company.

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