goldilocks,
why is grade too low? BHP's Ravensthorpe Ni latrite project has a grade of .7% Ni. To me capex is the greater concern but still not anywhere enough to justify sp less than 4c and a mkt cap of $20 million.
GME who had the abolute stuffings kicked out of it over the last few months has a mkt cap of some $76 mil. Its deposit at a .5% cut off is 227Mt @ .81%Ni, .05%Co giving 1.8Mt of Nickel, mkt cap $76 mil. RMI has 200Mt @.8%Ni, .07% Co giving 1.7Mt Nickel and looking to grow to 300Mt, mkt cap $20 mil. Pretty much the same except in value. Obviously there are other factors to consider but for me this gives a conservative target for RMI. If the market remains settled i would expect a market cap 4X today's at about $80 mil. This would give SP of around 16c. Keep in mind GME had its mkt cap over $200 mil at one stage.
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $7.175M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $880 | 73.33K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 334863 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 215159 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 135978 | 0.012 |
2 | 80576 | 0.011 |
2 | 400000 | 0.010 |
1 | 100000 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 197299 | 2 |
0.017 | 81371 | 1 |
0.019 | 300000 | 1 |
0.021 | 398859 | 1 |
0.026 | 82396 | 1 |
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