Rambler Metals & Mining Share Discussion Threads

[redhill] 25/1/2012 10:24

Spread seems rather wide today slowing momentum.

[saucepan] 25/1/2012 09:00

Looking strong again today. RMM currently has considerable momentum.

[cfro] 24/1/2012 15:12

Thanks saucepan for bringing this sahre back to my attention. I've always liked this co and i believe its one of the best miners. I had an old ISA under utilised so i decided to use the money to buy into RMM. I bought 30,000 @34p. Not easy to buy i must add!

With Harry Dobson in charge we are in good hands imo. He's one shrewd mining cookie. A market cap of less than £40M is way too cheap for a producing miner based in Canada. I have a target price of £1. So the hugh upside here simply cannot be ignored.

Many thanks to Chip for your excellent research. Please do keep it up.

[redhill] 24/1/2012 12:16

Thanks chip.Your estimates are always appreciated here and with SHG.

[chipperfrd] 24/1/2012 11:48

Must admit that I have only modelled the concentrate production of Cu, Au & Ag, so thought I would take a look at the current 1806 zone gold production.

Total resource = 78,599t
Monthly milled rate = 27,480tpm
no. of months = 2.86
Grade = 4.1g/t
Recovery = 90%
Recovered gold per month = 3,260 oz
Total recovered gold from 1806 zone = 9,326 oz
Assume avge PoG of $1,654 then total revenue = $15.424m
Assume 75% attributable (Sandstorm deal) so attrib revenue = $11.568m
Assume costs at 50% total revenue, ie c. $7.712m
Estimate gross profit from 1806 ops = c. $3.856m (£2.41m)

Not a bad little bonus before the main course!
Chip

[saucepan] 24/1/2012 11:32

cfro: yes, I confirm I hold some of mine in an ISA.

[cfro] 24/1/2012 11:23

Stupid question guys, but as RMM is dual-listed is it eligible for an ISA?

[daz] 24/1/2012 10:49

Clearly breaking out from the down trend

[saucepan] 24/1/2012 10:25

RMM looking strong of late, with an up-trend returning. I added a few more this morning.

[redhill] 24/1/2012 10:09

Making some nice progress now they are in production.The price of copper has gone back up so everything looking rosy so far.

[timberwolf3] 23/1/2012 15:05

They are just copying Chip :)

[rogash] 23/1/2012 14:55

Seymour Pierce eps for 2013 is 18.89p.

[killing_time] 19/1/2012 13:58

Seymour Pierce re-rates price target to 62p.

[twiggy2] 18/1/2012 15:48

RMM!! 5.41% up.

[timberwolf3] 18/1/2012 15:37

Sandstorm will want their cut.

[happygolucky] 18/1/2012 15:12

By my reckoning, the gold pours to date equate to around $4m of gross income (2,500 oz at $1650). Assuming similar gold recovery from the remaining 1806 ore stockpile, this should be another $8m of gross income before the copper mining operation even starts....

Please correct me if I'm wrong!!

[napoleon 14th] 18/1/2012 15:03

Patience pays...

[saucepan] 18/1/2012 13:28

OK, Daz; noted, thanks.

[chipperfrd] 18/1/2012 13:28

Daz

Well, I have factored in copper production for just 2H12 and I still get an EPS of c. 8.2p. Full year 2013 looks like 19-20p according to my estimates.

We shall see.
Chip

[daz] 18/1/2012 13:24

Saucepan,

the 2012 forecast is well out of date, copper production will only start in Q2 2012 and gold production has been limited, it's odds on that they will be loss making for the year to 2012. This doesn't reflect well on the brokers for not updating their forecast.

Also, the 2013 forecast almost certainly doesn't take account of the extra expense and dilution from the credit facility with Sprott

[wolterix] 18/1/2012 12:43

first time I've seen us on the leader board, even if it is at position 30!

[chipperfrd] 18/1/2012 12:39

Well done Rambler! Finally getting a bit of market recognition. It's about time.
Chip

[saucepan] 18/1/2012 11:21

Rambler Metals and Mining is currently on a Rolling P/E 2 of 2.22 and a Projected PEG of 0.04. That seems extremely compelling value:



Moreover, I don't regard the forecasts as far-fetched; indeed, they could be conservative judging by today's update.

I agree, RMM does seem to be somewhat 'off the radar'. Hopefully, patience will be rewarded.

[redhill] 18/1/2012 11:18

Trouble is nobody seems to have noticed.Not on enough radars!