RHM 0.00% 30.5¢ richmond mining limited

I don't normally invest in iron ore but this project has both...

  1. 797 Posts.
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    I don't normally invest in iron ore but this project has both low operating cost, great logistics and a low capital cost base (not to mention a high quality product). This is rare. And with no native title and Julia Tax it will prove to be a good investment even if the price of iron ore drifts back. Try financing an iron ore mine in Australia at the moment? That's a hard one! Try financing one in Nevada - not a problem! No sovereign risk there!

    Buy on the dips. I am - and loving it! At these prices the Veritas figures (conservative) make it a 7-bagger from here. Yum yum! You option holders keep selling and I'll keep scooping em up.
 
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Currently unlisted public company.

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