RMI 0.00% 1.9¢ resource mining corporation limited

only stock i know that could be next cdu pdn

  1. 9,188 Posts.
    DYOR, but we are in the middle of an agressive re-rating into the 20'ies

    In your research, please also take a look at HIG - Highlands Pacific

    HIG are the best comparison out there

    They own 8.56% of a comparable Nickel project called RAMU in Papua New Guinea

    As of there 23/07/07 announcment - ie, announcement on Monday - they are in the process of divesting the project

    They have hired ABN AMRO to assist in finding a buyer

    China Metallurgical Construction Company (CMCC) manages and owns the remaining 91.44% and so will be the natural buyer [its a fait accompli]

    Whats vital with this however, is that this will put a $$ figure on these projects

    HIG may reap $100mn for there 8.56% according to an earlier post. That would value the project at well over $1bn

    And on a comparative basis, so too would RMI's WOWO GAP Nickel project be valued at over $1bn - today and at todays prices

    Facts, Figures and $$$ speak for themself, but once ABN AMRO come across WOWO GAP in there due diligence and once the market finds the Wowo Gap once Ramu is sold [and the media, papers release articels for all to see], we could be in the 20's and pushing full-seam-ahead forward

    The more and more i look into this co. the more and more bullish i become

    ........................
    ..........
 
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