frizzers Posted March 12, 2008 Report Share Posted March 12, 2008 Rusina have commenced cash flow from their Acoje Project in the Philippines, shipping nickel laterite ore to China. There are options outstanding which expire on March 31st, so the selling pressure on the stock should expire by then, if not before. Market Cap currently around £22 million. Earnings for this year estimated to be £5 million, so trading at just over 4x cash flow with significant exploration upside in various spots around the Philippines. European Nickel (LSE:ENK) have a 40% stake in their JORC resource of 831,450 of contained nickel. Focus on nickel, chromite and PGMs - (not in South Africa!) http://www.rusina.com.au/ Rob Gregory is CEO. Presenting at Minesite today. Spoke to him afterwards and got the impression there is significantly more to come with this one, once March is past. Link to comment Share on other sites More sharing options...
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