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Rainy Mountain Royalty Corp RMNXF


Primary Symbol: V.RMO

Rainy Mountain Royalty Corp. is a Canada-based mineral exploration project generator. The Company is engaged in the acquisition and exploration of mineral resource properties. The Company’s focus is to acquire early-stage exploration opportunities and deliver them drill target ready to joint venture partners. The Company holds multiple property interests in Ontario and is primarily focused on shear hosted gold and base metals properties with associated gold and silver credits. The Company’s projects are Marshall Lake property, and Lake Brunswick Properties. Its other properties consist of the Clay/Powell and Norton Lake Properties. The Marshall Lake property is in the Thunder Bay Mining Division, Ontario. Its Brunswick Properties consist of 13-claim units located in Brunswick Twp., Ontario. It owns a 100% interest in claims located in the Thunder Bay Mining Division, Ontario. The Company holds a 30.21% interest in the Norton Lake Property.


TSXV:RMO - Post by User

Post by RayWinnipeg1on Dec 08, 2020 6:02pm
182 Views
Post# 32063572

RMO May Have Life

RMO May Have LifeThis is one of the most frustrating stocks I have ever owned, been through two to three devaluations and we're at 10 cents.  The whole ownership group should be fired due to poor performance, but let's put that in the past as we are where we are.  The company capitalization is $544k... Any good news should throw the stock into multiplier mode, such as Copper Lake reporting on the Marshall Lake property in the coming weeks.  If this is positive and Copper Lake increases its position in the property that could mean $500k to $1m for RMO.  This is only one of their many properties with activity.  I believe the strong mining climate will bring life to RMO.  After the 10-1 devaluation that places the ten cent stock price at a one cent value- its as cheap as it can get.
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