RHK 1.25% 81.0¢ red hawk mining limited

fms v bci

  1. 8,931 Posts.
    lightbulb Created with Sketch. 1729
    Now b4 someone jumps on me I know that BCI has only 60 million shares on issue and FMS has 1.5 billion

    BCI has 81 million tonnes @ .54 confirmed

    FMS has 511 million tonnes @ .54 inferred

    BCI has joint venture with FMG, FMS does not but could try and get one.

    BCI has contract for sale of ore, FMS does not

    BCI sp .99

    FMS SP .085

    Looking at the above I would still value between $0.11 and $0.25

    IMO DYOR

    Comments welcomed.

 
watchlist Created with Sketch. Add RHK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.