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Business Description: Red Hill Iron Limited (RHI) is an iron ore exploration company focusing on iron deposits located in the Robe River region of the West Pilbara of Western Australia (WA). RHI currently aims at development of its flagship project, Red Hill Iron Ore JV (RHIOJV).
Strategy Analysis: RHI plans to become a diversified producer from channel iron deposits located in the Robe River region of the West Pilbara.
Red Hill Iron reported negative cash flow of $157,000 for quarter ended 30 September 2011. Operating cash flow for the period was $(157,000). Payments for exploration and evaluation were $(4,000). Investing cash flow was nil. Financing cash flow was nil. Cash in hand at the end of the quarter was $2.91m.
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