Rambler Metals & Mining Share Discussion Threads

[hadronuk] 16/12/2011 09:01

FWIW, the 5000 @ 26.9 "sell" at 8.01 was my buy.

[bashers2] 16/12/2011 06:49

Kiwoz - I agree with you, but I think thoughts are now on the Christmas break now. At my place people leaving work last night saying "Happy Christmas" and see you in the New Year! Crazy stuff - lets hope RMM gets a mention as a star performer for 2012. At least this news has put a line under the share price hopefully. The production roll-out has been handled very well by all at RMM and first revenues early 2012 - cant knock that.

Oh - and Happy Christmas! :)

[bashers2] 16/12/2011 06:48

Kiwoz - I agree with you, but I think thoughts are now on the Christmas break now. At my place people leaving work last night saying "Happy Christmas" and see you in the New Year! Crazy stuff - lets hope RMM gets a mention as a star performer for 2012. At least this news has put a line under the share price hopefully. The production roll-out has been handled very well by all at RMM and first revenues early 2012 - cant knock that.

Oh - and Happy Christmas! :)

[kiwoz48] 15/12/2011 22:01

Ya know, today's inaction was a pretty absurd response, don't ya think?

[mr.oz] 15/12/2011 21:51

Rambler Metals and Mining

Buy
55
27
103.7%

Seymour Pierce

[mr.oz] 15/12/2011 07:30

Production and Diamond Drilling Results

The trucking of ore from the Ming Mine to the Nugget Pond milling facility is proceeding well and to date over
9,506 tonnes have been moved and stockpiled before processing. With enough supply to sustain steady production
the Company is pleased to announce that on November 28th, 2011 processing officially began with ore from its
100% owned Ming Copper-Gold Mine. At an average throughput of 525 mtpd the crushing and grinding circuit does
not appear to be over loaded and to date the highest one day milling throughput has been 584 tonnes.
Subsequently, the Company believes that crushing and grinding rates can be increased over time as more
experienced is gained with the materials properties. Head grade and recovery is in line with test work at 4.29
g/t and 90% respectively.

Presently the stockpiles at Nugget Pond and the Ming Mine contain 3,509 tonnes at an average grade of 4.10 g/t
gold with additional ore being trucked from underground every day. To maintain the inventory and ore feed to
the mill four separate 1806 zone stopes have been developed or planned at the 41L, 72L, 82L, and 103L. There is
currently 78,599 tonnes remaining in these stopes that have been blasted, developed, drilled or designed in
preparation for processing. While each of these stopes were included in the August 2010 reserve estimate,
additional delineation drilling has shown that this zone extends further up and down plunge than originally
modeled, allowing for the possibility of additional stoping levels. Results from the definition and exploration
drilling campaign are listed in table 1 below. As the Company develops into known parts of the ore body the
exploration diamond drilling program will continue testing undrilled areas in search of more mineralization of
this calibre.

As previously released the first ore from the Ming Mine will be processed through the gold hydrometallurgical
facility. While it does contain a small amount of copper (i.e. 0.5% Cu) the economics of a 90%+ gold recovery
through the hydromet far outweighs any possible revenue generated from 0.5% copper with a reduction in gold
recovery in the concentrator. As the process stabilizes over the coming days and weeks Rambler will continue to
evaluate all avenues to maximize profits from its dual gold, silver and copper processing facilities.

In 2012, at the appropriate time, the Company expects to "live" commission the copper concentrator with ore
from the Lower Footwall Zone. The Lower Footwall Zone material will be used during commissioning for a number
of reasons. Firstly to minimize losses to the tailings pond while the new plant is run and new operators learn
the process. Secondly, to use the actual processing results in future engineering studies on the Lower Footwall
Zone as opposed to relying on laboratory test work. Once the "live" commissioning with the Lower Footwall
material has been completed the Company will then switch over to ore from its higher base metal grade 1807 zone
which has a resource estimate of 432,000 tonnes at 3.86% copper, 1.75 g/t gold and 7.19 g/t silver, (August
5th, 2010, NI43-101 Resource Statement)

[mr.oz] 15/12/2011 07:30

George Ogilvie, President and CEO commented:

"Having the Ming Mine in production is a significant milestone for the Company while we will see first revenues
from our gold sales in early 2012. These revenues should allow the Company to strengthen its treasury position
over the coming months.

"The completion of the copper concentrator also gives us the opportunity to process copper rich ore from our
Ming Mine in 2012. Having the flexibility to produce a gold dore or a copper concentrate with precious metals,
is hugely advantageous as it allows us to maximize our revenues in response to changing market conditions.

"Finally, owning an operating mine and mill, with expansion opportunities, in the mining friendly jurisdiction
of Newfoundland and Labrador, Canada, only adds to the Company's investment case in these commodity driven
markets."

[mr.oz] 15/12/2011 07:29

Diamond Drilling and Exploration

/T/

=- Delineation and exploration diamond drilling program returns encouraging
results extending previously modeled mineralization, including:
-- 26.20 metres of 8.88 g/t gold (including 3.10 metres of 59.36 g/t)
-- 32.30 metres of 6.84 g/t gold (including 6.00 metres of 20.27 g/t)

/T/

Treasury and Credit Facility

/T/

=- Following the completion of the second site visit from Sprott Resource
Lending Partnership, the final tranche of $5M credit facility is now
approved for drawdown, at Rambler's discretion, upon the delivery of the
executed off-take agreement. The current cash position of the Company is
$3.4M CDN.

[jamesiebabie] 15/12/2011 07:27

That's more good news and more progress. The management are doing what they said they would do.

[mr.oz] 15/12/2011 07:25

December 15, 2011

Rambler's Ming Mine Now in Production

First Gold Dore Poured and Shipped for Further Refining

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Dec. 15, 2011) - Rambler Metals and
Mining plc (TSX VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company') is pleased to announce that it is now mining
and processing ore from its flagship project, the Ming Copper-Gold Mine, located on Newfoundland and Labrador's
Baie Verte Peninsula, Canada.

HIGHLIGHTS

Production

/T/

=- Production begins at the Ming Mine with the first gold dore having been
poured. Commercial production is targeted before the end of fiscal 2012.
=- Milling of the 1806 gold zone started on November 28th, 2011 and to date
6,877 tonnes have been milled at an average head grade of 4.29 g/t gold
and recovery of 90%.
=- The Company has 3,509 tonnes of 1806 zone ore stockpiled at an average
grade of 4.10 g/t gold with an additional 78,599 tonnes of this material
having been blasted, drilled, developed or designed.
=- Construction of the copper concentrator now completed along with pre-
rock commissioning. The plant is ready for "live" ore testing utilizing
Lower Footwall material once the first stoping blocks in the 1806 Zone
are finished being processed.

[chipperfrd] 08/12/2011 13:50

Actually it is 289,961 oz Au, 1,868,453 oz Ag, 274,138t Cu, 24,797t Zn.

If you put that into Gold Equivalent Oz (AuEq) it works out at c. 1.588m Oz.

[killing_time] 08/12/2011 09:17

Around 1.5moz

Edit, that should read gold equivalent, thanks chip.

[hellisreal] 08/12/2011 01:21

How many oz's of gold do RMM claim to have?

[killing_time] 05/12/2011 10:53

I have taken the information below from a few posts on the iii site that either have a contact on the ground or have contacted Rambler.
As always please dyor as i cannot verify claims.

The production and milling of the 1806 zone material through the gold circuit has started.They have 50,000 tonnes accessed and available for milling at present.

Company thoughts are that in the first three months of the hydro-met being in operation the post OPEX( after Sandstorm slice ) profit could be quite handsome.

The company does not want to draw down the 2nd tranche from the debt facility if they don't have to, and by focusing production this way they believe they can avoid this.

The company will decide this month whether to continue targeting gold or move to copper.

We can expect an operational update before Christmas.

[dr fillip strange] 04/12/2011 20:44

Thanks Chip, pretty compelling story here.. have been catching up over the weekend, a good time to get in at current prices.

[chipperfrd] 04/12/2011 19:28

Yes they have, that is primarily the reason for the mine re-activation.
Chip

[dr fillip strange] 04/12/2011 18:25

quick question...

prior to the mine being shut down in the 80's, the previous owners had mined to the property border, and couldn't reach agreement with a subsid. of BP to buy the mining rights, can some one tell me if RMM has acquired this adjacent property that was once BP's ?

[johnrxx99] 02/12/2011 09:41

Everything going according to plan so the only thing needed is patience.

[wolterix] 02/12/2011 09:36

Did they not say very recently there would be an update at year end?

[killing_time] 02/12/2011 09:35

Yep, i believe from memory ( might be wrong ) that they said they needed eight weeks of testing to bring the mill up to full speed so we should have had at least four weeks testing imho. KT.

[rogsim] 02/12/2011 09:08

Redhill

May I suggest that the tactic from RMM may be to report production data after several weeks of operation?

[redhill] 02/12/2011 09:02

Shouldn't we have had an announcement that we are in production now?

[mr.oz] 01/12/2011 21:09

RAB and RMM just went in opposite directions this evening... let's see if RMM catches up tomoz

[rogsim] 27/11/2011 19:32

From:

"Anglo thinks copper will be in short supply, as demand, driven by China, grows up to 6pc a year against a backdrop of falling production, as existing mines see ore grades dropping and have to dig deeper.

'It's very difficult to see where all that future supply will come from that is needed to meet future demand,' John Mackenzie, Anglo's head of copper, said as he unveiled the Los Bronces expansion.

That is why Anglo has ploughed money into building a new, bigger system alongside its current operation to dramatically up production"

Are Rambler are in the right place at the right time with the right management?