RML resolution minerals ltd

Expensive?

  1. 653 Posts.
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    A rough comparison on the value of the stuff in the ground:

    N27:
    500.000 ton * 0,17% cobalt = 850t cobalt
    At 68000$/t this would be only 58 million.
    Is this company not a bit expensive with a market cap of 29M?

    Let's compare with COB:

    54.000.000 ton * 0,091% cobalt = 49140t cobalt
    At 68000$/t this would be 3.3B. Market cap of COB is 56M

    What am I missing at this big a margin?
 
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Last
4.0¢
Change
-0.001(2.44%)
Mkt cap ! $26.32M
Open High Low Value Volume
3.9¢ 4.3¢ 3.5¢ $766.3K 19.32M

Buyers (Bids)

No. Vol. Price($)
1 200000 4.0¢
 

Sellers (Offers)

Price($) Vol. No.
4.1¢ 24000 1
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Last trade - 16.11pm 23/06/2025 (20 minute delay) ?
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