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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Mkt cap ! $10.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 194582 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 168974 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 194582 | 0.013 |
1 | 41750 | 0.012 |
1 | 100000 | 0.010 |
2 | 570000 | 0.008 |
1 | 85850 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 168974 | 2 |
0.017 | 96371 | 2 |
0.019 | 336000 | 2 |
0.020 | 5000 | 1 |
0.025 | 100000 | 1 |
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