So potential profit of +$10m. RMS has been buying these types of stranded assets for years and significantly exceeding profit estimates.
So buyer purchases thinking they might make $10-$14m with the deposit open at depth? Surely that is worth say $3m or $4m? That's enough to get production going in SK and the CR monkey off the back.
Anyone have sale figures for similar deposits sold in the area?
Ann: Cannon Mine Maiden JORC Reserve, page-2
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Mkt cap ! $8.502M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $5.435K | 452.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2791393 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2128208 | 4 |
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