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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I suspect that NIA is running some numbers on this. It is a...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.08M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 124282 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 2145 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 124282 | 0.012 |
1 | 100000 | 0.010 |
2 | 570000 | 0.008 |
1 | 85850 | 0.006 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 2145 | 1 |
0.017 | 96371 | 2 |
0.019 | 300000 | 1 |
0.020 | 5000 | 1 |
0.025 | 100000 | 1 |
Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
RMI (ASX) Chart |
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