RMI 0.00% 1.5¢ resource mining corporation limited

hi trees and all,have been researching into this coy, but with...

  1. 658 Posts.
    hi trees and all,

    have been researching into this coy, but with my knowledge, RMI has a mrk cap of ~8million and has a cash backing of 2.6million.

    from the independent report -
    "Wowo Gap Project has been assigned a current value within the range:-AUD$150M to AUD$600M and having a preferred value of AUD$168M"

    at a rough est of 10% of that 168M = 16.8. sp could be at least 2X of what it is now, BUT why is it at 0.5c???

    my question: is the sp at this low level due to the uncertainty in the lease? or could u help enlighten me and spark some healthy discussion about this coy.

    thanks in advance guys.
 
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