RHM 0.00% 30.5¢ richmond mining limited

I think they have been communicating fairly well, just progress...

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    I think they have been communicating fairly well, just progress is slow at the moment as they are waiting on third parties to provide them with their information to complete the detailed economic analysis. That said, it shouldn't take too long to work out the initial mining reserve as they have all the drilling data available and have completed some additional drilling back in June which confirmed an extension of the high grade zone identified by US Steel.

    No further word on whether they still intend to do further work on the high grade Iron Horse prospect this quarter as indicated in the June quarterly, reading Hiten's email, probably not at this stage. I think news flow will probably continue to be fairly slow as they try and conserve funds as much as possible but hopefully they can confirm the detailed economic analysis and the initial mining reserve by the end of the year when the options expire.
 
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