RMI 0.00% 1.7¢ resource mining corporation limited

rocket misfired, page-4

  1. 3,731 Posts.
    I suspect that NIA is running some numbers on this. It is a matter of time before RMI's true value revealed. Just have a look around.

    1. Over a year ago, when nickel is at $20k/t, Weda Bay deposit was sold for $300m. Wada Bay is in Indonesia, with similar grad and size of nickel deposit;

    2. MLX's Wingellina is smaller than WOWO Gap, MLX is a $400m company, with some tin project. It's nickel project is valued at least $200m.

    3. Take a very conservative approach, the WOWO Gap is valued at least $100m, translated into share price at 20c.

    The current price is seriously undervalued. Just a matter of time before someone is moving on this.
 
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