RE: RE: RE: RE: JohnQuote from John"I you feel that RMI has not moved forward over the last even though we:signed and are operating two thermal fragmentation contracts with majormining companies, that we are in discussions with several others, thatwe have started generating revenues on a monthly basis and are one ofthe only or maybe the only company to have installed an undergroundtreatment plant, well.... there is not much more that I can say."
Is this the kind of revenue shareholders can expect?
3 month period ended 9-monthperiod ended
June 30, 2009 June 30, 2009
INCOME
Foreign contracts 127,665 294,164 - -
DIRECTCOST
Labour 84,682 200,595 - -
Equipment transportation 11,278 18,103 - -
Travel expenses &lodging 29,544 111,268 - -
Supplies 69,344 108,379 - -
Equipment rental 1,912 1,912 - -
Interest - capital lease 5,091 7,716 - -
201,851 447,973 --
Depreciation 5,638 8,567 - -
GROSS PROFIT (LOSS) (79,824) (162,376)
This underground treatment - does it produce gold? RMI news release said twice monthly shipment of concentrate would start in March
"A first 290 Kg shipmentof gold concentrate (Knelson concentrator) was sent to theJohnson-Matthey refinery located in Ontario, Canada at the beginning ofthe month and a second shipment will be sent to therefinery this week. As of March 2009, shipments to the refinery will beconducted twice per month. Final grades will be known once treatment iscompleted by the refiner."
6 months later RMI still has no results?
In case RMI has not noticed, gold starting to reach new highs of $1000 +/oz, Most junior gold exploration/producers started to see a increase in share value in December 2008
This has become a pissing match and the reason you can't say more is because results,revenue, contracts etc... are not the best or progressing that well
will you at least pump up the SP to .125$ that is my exit point without a loss - I hate losing to .........