How does RMI's PB Ratio compare to its peers?

RMI is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (2.7x).

How does RMI's PB Ratio compare vs other companies in the AU Metals and Mining Industry?

RMI is good value based on its Price-To-Book Ratio (0.5x) compared to the Australian Metals and Mining industry average (1.2x).

What is RMI's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate RMI's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of RMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate RMI's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Resource Mining (ASX:RMI) - Stock Price, News & Analysis

RMI Stock Overview

Engages in the mineral exploration and extraction activities in Tanzania and Finland.

About the company

RMI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Risk Analysis

Highly volatile share price over the past 3 months compared to the Australian market

Does not have a meaningful market cap (A$5M)

Makes less than USD$1m in revenue (A$0)

Has less than 1 year of cash runway

+ 2 more risks

Resource Mining Corporation Limited Competitors

Metal Bank

ASX:MBK

AU$7.6m

Lightning Minerals

ASX:L1M

AU$7.2m

Austin Metals

ASX:AYT

AU$6.6m

OAR Resources

ASX:OAR

AU$3.3m

Price History & Performance

Summary of all time highs, changes and price drops for Resource Mining
Historical stock prices
Current Share Price	AU$0.007
52 Week High	AU$0.047
52 Week Low	AU$0.008
Beta	-0.76
11 Month Change	-36.36%
3 Month Change	-56.25%
1 Year Change	-79.41%
33 Year Change	-56.25%
5 Year Change	0%
Change since IPO	-99.99%

Recent updates

A Quick Analysis On Resource Mining's (ASX:RMI) CEO Salary

Jan 19

Shareholder Returns

	RMI	AU Metals and Mining	AU Market
7D	-30.0%	-1.4%	0.2%
1Y	-79.4%	-3.3%	16.6%

Return vs Industry: RMI underperformed the Australian Metals and Mining industry which returned -3.3% over the past year.

Return vs Market: RMI underperformed the Australian Market which returned 16.6% over the past year.

Price Volatility

Is RMI's price volatile compared to industry and market?
RMI volatility
RMI Average Weekly Movement	19.0%
Metals and Mining Industry Average Movement	11.1%
Market Average Movement	8.4%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: RMI's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: RMI's weekly volatility has decreased from 31% to 19% over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
1984	n/a	n/a	resmin.com.au

Resource Mining Corporation Limited engages in the mineral exploration and extraction activities in Tanzania and Finland. It explores for copper, gold, nickel, lithium, platinum group elements, and cobalt deposits. The company holds interests in the Mpanda and Mbozi copper-gold projects located in Western Tanzania; the Liparamba and Mbinga nickel projects situated in Southern Tanzania; the Kola lithium project located in Central Finland; and the Hirvikallio lithium project situated in Southern Finland.

Resource Mining Corporation Limited Fundamentals Summary

How do Resource Mining's earnings and revenue compare to its market cap?
RMI fundamental statistics
Market cap	AU$5.22m
Earnings (TTM)	-AU$3.12m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-1.5x

P/E Ratio

Is RMI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RMI income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$3.12m
Earnings	-AU$3.12m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0048
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	1.0%

How did RMI perform over the long term?

See historical performance and comparison

RMI Stock Overview

Rewards

Risk Analysis

Resource Mining Corporation Limited Competitors

ASX:MBK

AU$7.6m

ASX:L1M

AU$7.2m

ASX:AYT

AU$6.6m

ASX:OAR

AU$3.3m

Price History & Performance

Recent News & Updates

Resource Mining Corporation Limited, Annual General Meeting, Nov 28, 2024

New minor risk - Financial data availability

Resource Mining Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.

Resource Mining Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.

Resource Mining Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.

Resource Mining Corporation Limited SHS to be Deleted from OTC Equity

Recent updates

Resource Mining Corporation Limited, Annual General Meeting, Nov 28, 2024

New minor risk - Financial data availability

Resource Mining Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.

Resource Mining Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.

Resource Mining Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.

Resource Mining Corporation Limited SHS to be Deleted from OTC Equity

Resource Mining Corporation Limited SHS to be Deleted from OTC Equity

New major risk - Market cap size

Less than half of directors are independent

New minor risk - Share price stability

Resource Mining Corporation Limited, Annual General Meeting, Nov 28, 2023

Resource Mining Corporation Limited Announces Resignation of Deborah Ho as Joint Company Secretary

Resource Mining Corporation Limited Announces Executive Changes

New minor risk - Share price stability

Resource Mining Corporation Limited Announces Tanzanian Nickel Exploration Activities to Commence

Resource Mining Corporation Limited Appoints Kellie Davis as Joint Company Secretary, Effective January 26, 20203

Resource Mining Corporation Limited Announces High-Grade Lithium Results Confirm Finland Projects Exploration Potential

Resource Mining Corporation Limited Appoints Andrew Nesbitt to the Role of Chief Executive Officer, Effective 16 January 2023

Less than half of directors are independent

Resource Mining Corporation Limited (ASX:RMI) executed a Binding Term Sheet to acquire Element92 Pte Ltd from Ropa Investments (Gibraltar) Limited.

Resource Mining Corporation Limited (ASX:RMI) executed a Binding Term Sheet to acquire Element92 Pte Ltd from Ropa Investments (Gibraltar) Limited.

Resource Mining Corporation Limited, Annual General Meeting, Nov 29, 2022

Resource Mining Corporation Limited Provides an Update on the Due Diligence Activities Being Undertaken At the 3 Projects in Finland

Resource Mining Corporation Limited Provides an Update on the Due Diligence Activities Being Undertaken At the 3 Projects in Finland

Resource Mining Corporation Limited Completes Maiden KNP Nickel Drilling Program

Resource Mining Corporation Limited Announces Maiden Nickel Drilling Program Commences

Resource Mining Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million.

Resource Mining Corporation Limited Announces Due Diligence Commencing of Finland Nickel and Lithium Projects

Resource Mining Corporation Limited Announces Executive Changes

Resource Mining Corporation Limited announced that it expects to receive AUD 1.2 million in funding

Resource Mining Corporation Limited Announces Maiden Nickel Drill Program At Kabulwanyele to Commence

Resource Mining Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 0.62 million.

Resource Mining Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 0.62 million.

Resource Mining Corporation Limited Appoints Asimwe Kabunga as Director

Resource Mining Corporation Limited (ASX:RMI) agreed to acquire Nickel Projects in western Tanzania from Kabunga Holdings Pty Ltd for AUD 3.8 million.

No independent directors

Resource Mining Corporation Limited Announces Executive Changes

Resource Mining Corporation Limited announced that it expects to receive AUD 0.5 million in funding

Non-Executive Director Chi Zhang has left the company

Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.001 loss in FY 2020)

Resource Mining Corporation Limited Provides Update on Initial Field Program At Its Tanzania Kabulanywele Nickel Project

Resource Mining Corporation Limited (ASX:RMI) completed the acquisition of 74.25% stake in Kabulwanyele Nickel Project from Kabunga Holdings Pty Ltd.

Resource Mining Corporation Limited (ASX:RMI) agreed to acquire 74.25% stake in Kabulwanyele Nickel Project from Kabunga Holdings Pty Ltd for approximately TZS 850 million.

A Quick Analysis On Resource Mining's (ASX:RMI) CEO Salary

Resource Mining Corporation Limited, Annual General Meeting, Dec 11, 2020

Full year earnings released - AU$0.0014 loss per share

Shareholder Returns

Price Volatility

About the Company

Resource Mining Corporation Limited Fundamentals Summary

0.0x

-1.5x

Earnings & Revenue