Mya, you seem to be trying to work out the value on just one...

Mya, you seem to be trying to work out the value on just one minesite of Blacksmith with 200 million tonnes. (PIOP Has > 1.4 Billion tonnes). The RHK shareprice is the entire PIOP. About 10 years ago a Flinders CEO put the value at $1,83 per share. Since then weve had a 25 to 1 Consolidation. That equates to $7.50 approx. 10 times the present SP. Weve also done miles more drilling to find more ore since then. The ore price has doubled or tripled since then. I believe the SP is way undervalued. These is are just my thoughts of course.