GREY:RNKLF - Post by User
Post by
RallyOptimiston Jan 28, 2018 3:50pm
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Post# 27450515
If you are long consider cobalt27 and ecobalt market cap
If you are long consider cobalt27 and ecobalt market cap
A lot of bashing going on with respect to RNX. People obviously hoping to buy on a lower price otherwise they would not be on the board. Long term RNX market cap seems to be low compared to other cobalt players in particularly cobalt 27 and ecobalt. Cobalt 27 only has 2k tons of colbalt stockpiled from purchasing while ecobalt hopes to mine cobalt at 1.5 k tons over 12 years. Market cap of 400 million for cobalt 27 and 200 million for ecobalt while RNX only has a market cap of 100 million. If RNX gets Dumont operating they will be producing after the fifth year 4 k tons of cobalt for over 25 years. That will be split equalling 2 ktons per year and 0.5 Ktons for the first four years. Discounting nickel and gold production by RNX what do you think RNX is valued at?