KRE
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0.00% 6.9¢ kimberley rare earths limited

crazy-$12.4bill asset now at cash backing 15c!, page-10

  1. warennie
    524 Posts.
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    19/06/11
    19:01
    Post #: 8558131
    Calculations...

    5.416m rare earth asset (cost price)
    17.317m cash reserves (16/05/11)
    125.584m shares

    Asset backed SP = $0.181

    Thus @ the current SP of $0.15
    Current value of 25% cummins range = 1.521m

    Value of rare earth oxides has been booming of late.
    Enough said.
    KRE Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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