One of the reasons RMI is lagging the other resources stocks is that the Management is not doing any real promotion. RMI actually have some world-class nickel laterite deposits in PNG. I know nickel laterites have been a dirty word recently but the good thing about RMI's nickel laterites is that they are amenable to atmospheric leaching and will not need a high pressure, high temperateu leach like most of the WA nickel laterite deposits. This will mean the capital costs will be a lot less than the WA nickel laterite mines and the on-going processing costs will be less. Its a pity the management is not putting out some of this info. However, I agree with the prediciton that RMI will soon go to 2cents. With the right promotion RMI should probably go to 3 or 4 cents given the quality of their nickel laterite assets.
rmi.....very strong, page-3
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Last
$1.60 |
Change
-0.030(1.84%) |
Mkt cap ! $668.8M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.63 | $1.60 | $30.00K | 18.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 68717 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 4992 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CBO (ASX) Chart |