reality check

RMI is surely one of the most leveraged specs in the mkt. Rarely would you have a microcap in control of 100% of such a large "potential resource". At US$34000p/t of nickel the in situ back of the envelope value of wowo is about $60BILLION. Of course its not a JORC resource only inferred but hey , most of current capital raising is going towards putting around 100 holes in the ground which any sniff of success will send this stock north in a big way,
Given the amount of enthusiasm for some far less exciting plays , I would think that at 4-5c this stock has enormous upside potential on the nickel alone. ramu nickel laterite deposit has got the green light and is just round the corner,with over 1billion being spent on infrastructure,if rmi can package up their deposit perhaps highlands gold will take a close look if not already. and then there's the iron ore......