UK AIM-listed RRR which is involved in Jupiter Mines (JMS) and thus Tshipi recently made a loan and equity investment (16-30%) into Steelmin a private company re-starting European FeSi plants which were slated to produce Revenue of c. $35m and EBITDA of $7m
16-30% of $7m is c. $1-2m which is quite a lot for a £3m Mkt Cap company
Bear in mind RRR also own 1.2% of Jupiter which could be worth £8m+ ?
US Ferro-silicon at $1/lb, page-14
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Mkt cap ! $344.8M | |||
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