"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."
RHM Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held