RHI 11.4% $7.35 red hill minerals limited

Atlas pays $33m for Daltons iron ore rights - Another positive...

  1. 245 Posts.
    Atlas pays $33m for Daltons iron ore rights -

    Another positive for RHI if I am reading it right - Atlas pays $33m for 25% of 24mt = $5.50/t which would value RHI at say 100mt at $12.50/share. In addition Atlas will pay $5.50/t for additional reserves above 24mt on a pro rata basis.
 
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