1. Very little amount of stock available to purchase 2. Very little of them are ever available on the market to buy. 3. @22c it is $7m market cap. $3 is roughly $100 market cap which is 1/5th of sandfire. 4. Sandfire does not including any success at BV, which in my opinion is looking far more likely to be successful then Narracoota. BV is a great project and definitely one that has a good chance of getting off the ground & getting there quickly. 5. Anyone wanting a piece of RHM after the news is out is going to have to pay a huge premium on today's prices.
So for all those reasons it would not surprise me to see $3
It's going to be a great day when either Narracoota or BV come in successful.
RHM Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held