RHM 0.00% 30.5¢ richmond mining limited

Nice work Spozzie and Hiten. Every now & then things need to be...

  1. 114 Posts.
    Nice work Spozzie and Hiten. Every now & then things need to be put in perspective and a couple of posts today have done that.

    Buena Vista still has risks - but, based on any sums I've seen including Veritas' report, revenue could be lower and/or costs higher within reason and this stock is still a bargain (IMHO). Compared with its peers its trading for chump change. Additionally, the projected production from the Veritas report is half that stated in the annual report, therefore the broker valuation is probably too conservative by half + economies of scale.

    Given this and the recent run, I can be patient for another week or two for the PFS.

    Good luck everyone

 
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