Despite the cost blowouts, the figures still stack up well against the current market cap. The share price may continue to be under pressure in the short term, dependent on how far away any funding arrangements are. RHM still doesnt have much in the way of major shareholders from China or elsewhere in Asia which is rare for an iron ore stock a year and a bit out from production. The market never behaves the way you expect - a run to near 70c on no news and then back to 50c following completion of the feasibility work isnt what i was anticipating.
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Despite the cost blowouts, the figures still stack up well...
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