RML
Click for more information
0.00% 0.3¢ resolution minerals ltd

Expensive?

  1. pastimer
    653 Posts.
    lightbulb Created with Sketch. 75
    clock Created with Sketch.
    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
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply
 

Featured News

NEWS Recharged Prospects: ‘Watts’ on the horizon for copper & lithium
right-arrow Created with Sketch.
ASM Aust Strategic sees Canada join US in possible funding push for Dubbo
right-arrow Created with Sketch.
NCK Nick Scali moves into the UK market through Fabb Furniture acquisition
right-arrow Created with Sketch.
RDN Raiden's key target areas found drill ready in cultural heritage survey
right-arrow Created with Sketch.
BHP BHP confirms £31.1B takeover bid for Anglo American
right-arrow Created with Sketch.
CC9 Chariot ends quarter charged up on lithium find in Wyoming
right-arrow Created with Sketch.

Top Stories

watchlist Created with Sketch. Add RML (ASX) to my watchlist
(20min delay)
Last
0.3¢ 		Change
0.000(0.00%) 		Mkt cap ! $4.83M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $5 1.636K

Buyers (Bids)

No. Vol. Price($)
49 44666040 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 9696368 22
View Market Depth
Last trade - 10.06am 26/04/2024 (20 minute delay) ?
RML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.