I posted the following info on the RLC thread. RLC have a tenement package to rival MAU's and have just secured a JV with Cliffs. There is a good chance they have been, or will be, looking at MAU. Just passing it on. I dont hold MAU.
I posted a hint about RLC's other asstes the other day. I didn't intend to follow up on it so soon but due to their announcement today regarding the Cliffs JV I thought I might as well post the info.
The other company I was referring to with similar assets was MAU with their iron ore assets in the South West. They generally have a market cap of around 10x RLC. This new JV for RLC make the comparison a little less direct.
Here is an image from the blog update
Vautex Blog
might be of interest
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$1.18 |
Change
0.033(2.83%) |
Mkt cap ! $304.4M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.21 | $1.15 | $107.1K | 91.48K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 862 | $1.16 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 3006 | 1 |
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