People need to start understanding that a MC of $26m for a company who currently don't have a viable project is not cheap. For them to be worth even that they need to find something commercial or for the nickel price to improve substantially.
I bet half the punters on HC don't even know that the JV partner for Mt Sholl, First Quantum, just mothballed their Ravensthorpe nickel operation for being uneconomical. So for them Mt Sholl is not something they are likely to develop in the next 5 years, it's a future investment for their back pocket.
Also, Ravensthorpe nickel deposit is about 10x the size of Mt Sholl currently
People need to start understanding that a MC of $26m for a...
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Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $18.97M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $20.20K | 4.016M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 58 | 41220952 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 12622148 | 22 |
View Market Depth
| Last trade - 12.31pm 18/06/2025 (20 minute delay) ? |
| RDN (ASX) Chart |