I suspect that NIA is running some numbers on this. It is a matter of time before RMI's true value revealed. Just have a look around.
1. Over a year ago, when nickel is at $20k/t, Weda Bay deposit was sold for $300m. Wada Bay is in Indonesia, with similar grad and size of nickel deposit;
2. MLX's Wingellina is smaller than WOWO Gap, MLX is a $400m company, with some tin project. It's nickel project is valued at least $200m.
3. Take a very conservative approach, the WOWO Gap is valued at least $100m, translated into share price at 20c.
The current price is seriously undervalued. Just a matter of time before someone is moving on this.
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1.7¢ |
Change
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Mkt cap ! $11.08M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23264 | 1.7¢ |
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Price($) | Vol. | No. |
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2.2¢ | 78947 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 23264 | 0.017 |
1 | 51510 | 0.010 |
1 | 170000 | 0.009 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 78947 | 1 |
0.023 | 9000 | 1 |
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