cheap cheap, said the parrot?

ignoring the resource upgrade that is due this quarter, and how it will impact the short term $2.42 broker valuation, here is a rough comparison with a similar play

mc resource capex opex interest
IFE $50 70mT@36%av $28m $75/t 80%

RHM $14 109mT@23%av $50m $50/t 100%


the capex for IFE is only for a 10mT@40% first stage, it does not include a beneficiation plant required to tread most of the ore.

even on such low margins, IFE expects it will go into production next year, and directors are still buying shares on market at current prices. the IFE chart indicates it is trading at about a 30% discount to where it was pre PFS

so a genuine question: on the merits of what "little" we know, is RHM not already undervalued by about 100%?