RHM
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0.00% 30.5¢ richmond mining limited

Market cap is now just over $5.5 million and less the $2.6...

  1. SBC
    1,006 Posts.
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    20/05/10
    15:32
    Post #: 6717066
    Market cap is now just over $5.5 million and less the $2.6 million cash in the bank (last reported) gives an enterprise value for their projects of about $3 million.

    Even on a fully diluted basis the enterprise value is roughly the same given that the options are out of the money atm.

    Looks pretty cheap.

    Cheers
    SBC
    RHM Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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