RHK 1.83% 80.5¢ red hawk mining limited

fms valuation, page-9

  1. 1,529 Posts.
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    comparison with GIR:

    to be fair the mentioned 260mt 56,5% FE only covers GIR flagship McPhee Creek.
    GIR had in addition some smaller projects with a JORC ressource of approx 120 mt hematite (most DSO) and a 187 mt 31% magnetite project.

    So the "derived FMS SP target" from this deal is about "only" 1,2 Bn A$.

    Nevertheless FMS is of course a strong buy. Bought my first stake yesterday.
 
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