fat prophets say...hold

  1. 221 Posts.
    The latest Fat Prophets research note on RML is out. Whilst there is nothing new to report they do remain bullish, which is good news for all us long termers.. Here is what they say in conclusion

    As a reminder to Members, the Acoje tenement hosts three different styles of mineralization: primary chromite; primary PGM (platinum group metals) and nickel mineralization; and nickel, cobalt, chromite, platinum and palladium in tropical laterite soils.

    The Acoje property itself is quite large, measuring 11km x 5km. Significantly, previously reported resources have only focused on a small 1.2 sq km area, so there is enormous potential for the discovery of further mineralization. We maintain our positive longer-term outlook on the company and believe it represents an extremely cheap but highly leveraged nickel exposure. The company effectively has three 'irons in the fire', which strengthens its growth options.

    Whilst the Philippines may not necessarily be high up the list of destinations for every investor, we believe
    the potential upside vastly outweighs the perceived risks.
    Accordingly, Rusina Mining will remain firmly held within the Fat Prophets European Mining & Resources portfolio.
 
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