I suspect that NIA is running some numbers on this. It is a...

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.