RML resolution minerals ltd
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Expensive?

  1. pastimer
    653 Posts.
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    05/12/17
    23:57
    Post #: 29401205
    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?
    RML Price at posting: 55.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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4.0¢ 		Change
-0.001(2.44%) 		Mkt cap ! $26.32M
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3.9¢ 4.3¢ 3.5¢ $766.3K 19.32M

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No. Vol. Price($)
1 200000 4.0¢
 

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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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