The quarterly activities report includes a valuation of RAMI's Wowo Gap project, using a historical mean average nickel price (around $9,000/t compared to current price around $19,000/t), and provides a value range of $150m to $600m with a 'preferred' current value of $168m.
That equates to a share price range of around 14c/share - around 58c/share with a preferred value of around 15c/share.
This share is trading at less than 1c/share - perhaps a rerating is warranted?
The quarterly activities report includes a valuation of RAMI's...
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