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Bullboard - Stock Discussion Forum Rambler Metals and Mining PLC RBMTF

Rambler Metals and Mining PLC's principal activity is the development, mining, and exploration of the Project in Newfoundland and Labrador. The company owns an interest in Ming Mine Project which is located on the Baie Verte Peninsula in Canada. Its other properties include Goodyear's Cove which is an integrated concentrate storage and shipping facility and the Nugget Pond property. The company... see more

GREY:RBMTF - Post Discussion

Rambler Metals and Mining PLC > Back of the Envelope calcs
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Post by willyk3 on Apr 03, 2018 11:34am

Back of the Envelope calcs

My back of the envelope calcs say that with all in costs at about 2.50 and current price of about 3.00    leaves us with about .50 on avg yearly production of say 16 million pounds    gives us about 8 million a year...but with say 500 milion shares out......jaaazuz we are looking at a lousy cent or two in yearly profit ...and thats in a perfect world!   No wonder Altius bailed on this puppy years ago. Course i havent factored in the gold, nor the other properties, not to mention the possible upside from the drillbit, or an improving copper price, or a decline in the canadian dollar....yada yada   Have i missed a decimal point somewhere...tell me  there is more here than i can see ....alot more....how did i ever come up with a three dollar nav years ago
Comment by willyk3 on Apr 05, 2018 9:57am
Oh I remember now....there were about five hundred million less shares!
Comment by Maxmoe on Apr 10, 2018 10:30am
Transamine will make lots of money with the rofr backed concentrate purchase agreement. Ming/rambler won’t make money of any note, ever. Nfld gets the shaft, CRA gets the shaft, rab minority shareholders get the shaft. Transamine and pals in UK get the gold/copper and make all the money. Maybe CRA will wise up and audit the fun with accounting tax returns they file. You know you are in trouble ...more  
Comment by willyk3 on Apr 10, 2018 7:33pm
Something is definitely wrong here altho i had never considered Transamine part of the problem. I do know they have been around a long time and have helped to fund  other juniors but the lack of transparancy does throw up  the warning flags especially considering they are a private company. No my big beef is the way that Rambler was essentially hijacked by this crew..and being a British ...more  
Comment by Maxmoe on Apr 11, 2018 9:30am
Good luck with the bid. Maybe gather a bunch of angry villagers with pitch forks and torches. 
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