RHK
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2.44% 80.0¢ red hawk mining limited

guys - It is pointless trying to value a company when you do...

  1. nort113552
    40 Posts.
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    04/10/08
    16:35
    Post #: 4345058
    guys - It is pointless trying to value a company when you do know its assets... economics 101! Just relax and wait for the JORC.

    If you wanted to speculate then i'm game... ok so 800-900mt of IO at say 57% Fe. I'll say SP at about $2.50 when the takeover bid by a chinese steel company is announced sometime mid to late '09 when they have completed the feasibility.

    If anyone disagrees im listening but unless you can tell me why im wrong I don't want to here from you. Would love to discuss this with people who can offer some real insight.
    FMS Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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