Rambler Metals and Mining PLC RBMTF

Back of the Envelope calcs

[willyk3]

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

[willyk3]

Oh I remember now....there were about five hundred million less shares!

[Maxmoe]

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

[willyk3]

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

[Maxmoe]

Good luck with the bid. Maybe gather a bunch of angry villagers with pitch forks and torches.