here,s the scoop crew :)$$

Sorry Put it under the wrong thread.

So RMI have the WOWO Gap project and as the Quarterly has told us it is our companies main project ATM ....So whats WOWO worth to our company well we already know that our #1 Holder Sinom with 19% of our company is one of China's Conduit,s for for IO and Metals Etc..... Sinom being our # 1 holder is a huge gain for Head office it put,s us in the Big league when it comes to getting in front of the Big $$$$ exiting China ATM and finding there way into Aussie Junior Miners like little Our RMI with Mother lode IGV all the experts have run the numbers over WOWO and ATM the Spec is building big time on the feasibility study out due now to be released, that will lay it out in black and white just what the value of WOWO gap is in todays rising Nickel market.

WOWO Gap Project Valuation

In order to understand the value of the Wowo Gap Project, as part of the next stage for development and for information as RMC seeks to engage a major industry partner to undertake further work at Wowo Gap, the Board engaged Mr John Wyatt to undertake an independent valuation of the project.

The following is a direct quote from the summary of Mr Wyatts Report:

Based on the results of exploration completed to date within EL 1165, Wowo Gap, PNG together with an assessment of similar lateritic nickel/cobalt resources in Papua New Guinea, New Caledonia and Australia, the Wowo Gap Project has been assigned a current value within the range:-AUD$150M to AUD$600M and having a preferred value of AUD$168M

This valuation range was calculated firstly using what were believed to be suitably discounted net present values of estimated cash flows using information on mining costs and metal recoveries supplied by RMC.

The preferred value was selected by way of comparisons with other nickel/cobalt projects, particularly in PNG, nearby Caledonia and Australia.

Whereas the valuation date is based on current metal market conditions, the selected metal prices came from historical records over the past 20 years, between 1989 2009

According to Mr Wyatts valuation approach, the above value is based on the exploration value as opposed to an operational value, as such, an increase in the resource confidence level, may translate into an increase in overall project value.

The full valuation was released in the 2009 December Quarterly Report.

" the Wowo Gap Project has been assigned a current value within the range:-AUD$150M to AUD$600M and having a preferred value of AUD$168M"

Thats a range of 9.5c - 38c with a "preferred value of 10.7c a share

HUGE UPSIDE FROM THESE LEVELS CREW just watch RMI run hard as the story pans out

One can only imagine what RMI SP can do moving forward RMI is building as a mega spec play on the back of WOWO Gap IMO.... very happy to be on board the progressive team in a big way bring on the WOWO head office :)$$$$

Happy Days indeed

GB:)$$$$$