RHM 0.00% 30.5¢ richmond mining limited

broker's update, page-12

  1. 4,739 Posts.
    lightbulb Created with Sketch. 12
    wow - great report .... love this bit,

    "Recommendation
    ?? We see significant value upside with the development of Buena
    Vista with near term production in DQ12.
    ?? We value the company at $2.81 per share fully diluted for our
    assumptions and place a short term price target of $1.41 per
    share (previously $0.60/sh) on RHM as we await the completion
    of funding and permit approval.
    ?? We anticipate funding to be concluded in SQ11 in time for full
    permit approval and formal go-ahead in November 2011.
    ?? We recommend a BUY."
 
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