RML resolution minerals ltd
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A rough comparison on the value of the stuff in the ground: N27:...

  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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