RMX 0.00% 0.2¢ red mountain mining limited

we saw it hit 4.8cents without any drilling permits granted and...

  1. 370 Posts.
    we saw it hit 4.8cents without any drilling permits granted and without announcement of acquisition.

    4.5cents to 6 cents is a very realistic range given the market cap or even better enterprise value at $12million. Most pre-drilling lithium spec companies have market caps at $20 million+, post drilling is a completely different beast some as we've seen hitting over $150million..

    So you take the current value of $12million and extrapolate to $20million and you have our share price go from 3.3cents now to 5.5 cents which falls nicely in that 4.5-6cents range mentioned.
 
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