Glad to see my "ridiculous" analysis prompted some more serious...

  1. 174 Posts.
    Glad to see my "ridiculous" analysis prompted some more serious discussion....in no way am I suggesting RML will ever be worth $18....only that it is so far undervalued as to be an easy target for takeover at current quotes....

    I did some research on explorers being taken over for cheap....valuing Gold in the ground, for instance, at $25 per ounce....an equivalent price for nickel in the ground would might be around 26 cents per pound, as current LME nickel price of $21,065 tonne = 9.575 lb. ....

    feel free to do the math and see what you come up with, but I'll go far out on a thin branch and say RML could get bought out for 75 cents per share as things stand now....and don't forget, we're just talking about the value for their nickel deposit, with no credit for other metals such as platinum.....figure that in and the price could go much higher.....guess that depends on how long until a takeover offer is actually proposed, exploration progress, metals prices, etc./et al...

 
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