RHK 8.97% 85.0¢ red hawk mining limited

Re share value Given MMK offered 550 m in boom times Now , I...

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  1. 156 Posts.
    Re share value
    Given MMK offered 550 m in boom times
    Now , I think value is 1/3 or slightly more , so maybe 200 m , with 2.8b shares is 7 cps
    This is over both OCJ and Todds entry prices
    Also Todd owns 20% already , so only needs to cough up 160m
    200 m with 1b ton is 20c pt
    with profit margins < $6pt likely , they could live with 20c pt

    7c

    Bill
 
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