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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Open | High | Low | Value | Volume |
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5 | 1801615 | 0.013 |
1 | 100000 | 0.010 |
1 | 120000 | 0.008 |
1 | 85850 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 308892 | 3 |
0.017 | 96371 | 2 |
0.019 | 300000 | 1 |
0.020 | 5000 | 1 |
0.025 | 100000 | 1 |
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