RMI 11.1% 1.6¢ resource mining corporation limited

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

  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.
 
watchlist Created with Sketch. Add RMI (ASX) to my watchlist
(20min delay)
Last
1.6¢
Change
-0.002(11.1%)
Mkt cap ! $10.43M
Open High Low Value Volume
1.6¢ 1.6¢ 1.6¢ $1.127K 70.41K

Buyers (Bids)

No. Vol. Price($)
1 48234 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 109710 2
View Market Depth
Last trade - 10.07am 23/07/2024 (20 minute delay) ?
RMI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.