goldilocks,why is grade too low? BHP's Ravensthorpe Ni latrite...

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.