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Red Mile Minerals Corp V.RDM



TSXV:RDM - Post by User

Bullboard Posts
Comment by RIGDIGon May 26, 2005 12:33pm
373 Views
Post# 9080282

RE: Rigdig - Heard from Ronda lately

RE: Rigdig - Heard from Ronda latelyThings could be better and they could be worse. End of June appears to be the target now to get back on the trading floor. This still due to the the fact that the finacials are still not done. While RDM does have a new Auditor on board, money is in short supply to pay them. RDM does have $$$ coming in next month from several sources and the $$ won't be a problem. RDM has done the internal work for the Audit and it has been guestimated that once the Auditors take control, a week to complete would be required. Will Rhonda trade again, absolutely!!!! Currently Knife is said to hold 36 million tonnes of Kim. That is only to a depth of 260 metres. The drill stopped in KIM so the pipe could and will be deeper then that, thus possibly up to 50 million tonnes. If you a gambler at all, with the preliminary numbers etc. that DB have, Knife as known today has a better then 50% channce of becoming a mine in the future. The next test by DB will be a big one and will invole pullin enough KIM to do a proper evaluation on actual CPHT along with diamond valuations. Yep, you know I wish this was trading,,,,,but it's not. However, once it does start trading, MHO is that there is no where to go but up and the potential certainly far outweighs the downside. Hurry up and wait is all I can tell you. Cheers!
Bullboard Posts