Post by
psj567 on Aug 13, 2013 2:26am
Analyst Tour Scheduled for Week of Sept. 11
RMC ought to reach $5 in the next 3-4 weeks in anticipation of the analyst tour scheduled for the week of Sept.11. Analysts will likely come away from the tour shocked at just how much high grade copper there is in the resource (IMO, 50-150 million tons of 5% CuEq)-- and this is exclusive of the porphyry at depth. The profitability and low capex for such a high grade mine coupled with the likely, many decades long mine-life of the porphyry which will be readily accessible after the high grade zone is mined, ought to drive the stock price significantly higher than $5 once the analysts write their recommendations. RMC's current market cap is about $160 million. Putting aside the value of the porphyry, what is the present value of RMC's 25% of 50-150 million tons of 5% CuEq? One can use a variety of parameters to arrive at a discounted present value. Using the most conservative ones, it is a significant multiple of RMC's current market cap.
Comment by
psj567 on Aug 14, 2013 5:48am
While I respect your opinion, I will stand by mine that the high grade zone has at least 50 million tons of 5% CuEq. Second, I do not dismiss the porphyry mineralization as a distraction. To the contrary-- the porphyry mieralization at depth is the precise reason why Freeport will be the builder and owner of this mine--- as reflected in my earlier post.