$11 mill market cap, $13 billion jorc resource

Will the real RMI please stand up

Please add to these calc's, hassle them etc.

Yesterday's JORC announcement yields a market cap 1000 times lower than what it should be imo.

Ignoring costs...here is some calc's on RMI's PNG WOWO project.

Assuming RMI has around 1.1 billion share including total quoted / non quoted, and all options are axercised for a worst case scenario.

1.1 billion shares and Market Cap calcs

RMI @ 1c RMI Market Cap = $11 million
RMI @ 1.1c RMI Market Cap = $12.1 million
RMI @ 1.2c RMI Market Cap = $13.2 million
RMI @ 1.3c RMI Market Cap = $14.3 million
RMI @ 1.4c RMI Market Cap = $15.4 million
RMI @ 1.5c RMI Market Cap = $16.5 million
RMI @ 1.6c RMI Market Cap = $17.6 million
RMI @ 1.7c RMI Market Cap = $18.7 million
RMI @ 1.8c RMI Market Cap = $19.8 million
RMI @ 1.9c RMI Market Cap = $20.9 million

RMI @ 2c RMI Market Cap = $22 million

RMI @ 3c RMI Market Cap = $33 million

RMI @ 4c RMI Market Cap = $44 million

RMI @ 5c RMI Market Cap = $55 million

RMI @ 6c RMI Market Cap = $66 million

RMI @ 7c RMI Market Cap = $77 million

RMI @ 8c RMI Market Cap = $88 million

RMI @ 9c RMI Market Cap = $99 million

RMI @ 10c RMI Market Cap = $110 million

RMI @ 11c RMI Market Cap = $121 million

RMI @ 12c RMI Market Cap = $132 million

RMI @ 13c RMI Market Cap = $143 million

RMI @ 14c RMI Market Cap = $154 million
RMI @ 15c RMI Market Cap = $165 million
RMI @ 16c RMI Market Cap = $176 million
RMI @ 17c RMI Market Cap = $187 million
RMI @ 18c RMI Market Cap = $198 million
RMI @ 19c RMI Market Cap = $209 million
RMI @ 20c RMI Market Cap = $220 million

RMI @ 30c RMI Market Cap = $330 million
RMI @ 40c RMI Market Cap = $440 million
RMI @ 50c RMI Market Cap = $550 million
RMI @ 60c RMI Market Cap = $660 million
RMI @ 70c RMI Market Cap = $770 million
RMI @ 80c RMI Market Cap = $880 million
RMI @ 90c RMI Market Cap = $990 million
RMI @ $1 RMI Market Cap = $1.1 billion

Some caculations on yesterdays 82 million tonnes of 0.08% Ni

From my other RMI post:

OK 82Mt @ 1% Ni = 820,000 of 100% Nickel



Converting Pounds to Tons as metal prices are in USD / pound (lb) usually and last night are up 2.64% to $7.55 per pound

1 ton = 2204.6 pounds

So 820,000 tons = 1,807,790,550 pounds of Nickel

Nickel Spot price is $7.55 per pound gives a resource today for RMI of

$13,648,818,652

Thats what I get anyway.

$13 billion hey?

RMI cash in bank = more than $1.5 million

Can anyone add to this? Fault it plase.

Lets say RMI is worth only $1 billion....one thenth of my calcs because of costs etc

That would put the SP around $1.

Sounds ridiculous for it to be sitting at 1c.