RCH richfield group limited


  1. 1,057 Posts.

    1. Based on Joint Ventures being done between Moly miners and steel mills around the world, RCH has a derived valuation of around 34 cents per share based on a fully diluted share register.

    2. RCH has the equal second highest average grade MO in the world and the highest high grade core (first 8 years production)at 55Mt @ 0.19% MO

    3. At current Moly prices, a RCH JV would produce a EBITDA of around $A870M p.a for the first 8 years using a 7,200,000 tonne pa mill.

    4. An early joint venture is the current focus of the company and is expected to be concluded soon. This will be the point that a substantial upward re-rating should occur.

    5. The total estimated contained metal in the deposit has a current market value of approximately $US18 Billion in the ground.

    6. The capex on a project this size (7.2Mt p.a.) is about $A500M.

    7. The deposit is a single metal (MO) resource which due to a lack of other metals can produce a purer premium quality MO metal.

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