As good as the deposit and project is the sentiment in any mining project that isn't already 3/4 through construction is shot for quite a while.
Calorie based projects will still have a future but there is a down cycle still to be negotiated and it's not clear how long that will take.
Not particularly trying to talk it down as I just bought but it's worth noting the world has moved on since the CR was done and prices for stocks at this stage in a project have fallen.
Given the size and easy access to the resource I suspect a T/O is likely one day but could be quite a while yet.
At the current MCAP going ahead with a project would require massive dilution just to put the equity stake in before any bank financing could be added.
The way it looks they have cash for about 3-4 quarters ?
RUM Price at posting:
9.0¢ Sentiment: LT Buy Disclosure: Held
