RHK 1.83% 80.5¢ red hawk mining limited

fms valuation, page-2

  1. 1,135 Posts.
    To answer your question I think a very good recent valuation is klmarc's posted 23 Dec. I'm sure he/she won't mind my reposting it:

    Hi all

    As a lot of HC-posters already said before: the market is at this moment severely underestimating the potential of FMS!

    Just have a look at the takeover-bid two days ago by Atlas on Giralia:
    GIR has a resource of 260 million tonnes(inferred and indicated)@ 56,2% Fe.
    The take-over offer is valued at 790 A$ !!!
    That would imply a value of roughly 3 $/tonne.

    FMS has a global resource of 748 million tonnes @ 55,4% Fe (and still an upward potential at PIOP; not to mention Canegrass...)! Amongst this resource is a DSO quantity of 362 Mt @ 57,8%.

    This would value FMS at more than 2 Bn A$ !!!!
    Marketcap now: 270 million A$.

    And to repeat Slippin's phrase from FMS's BRR audio broadcast about an announcement to be released somewhere in january: "the single most important announcement Flinders have ever made".

    Food for thought.

    klmarc
 
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