Hi thehen, if my previous stock picks are anything to go by perhaps we are talking more along the lines of all the salt in the Bolivian salt flats
But look, you never really know. This has come off a high some years ago and has been trading in a range for some time whilst the company has done some very impressive things. The brokers coverage may be paid and they are running a model based on a number of assumptions, but I don’t think their valuations are too wild at all in terms of market cap. There is a lot of junk out there (some of which I have even traded previously) that is even more speculative than RGS and that is trading on many multiples of RGS’ current market cap. My personal view is that a market cap of $100M would be easy to achieve with the right deal, and maybe even $150M.
I’m hanging tight as I think news is imminent and even if it is delayed a little I think there will be plenty of good news over the coming year.
RGS Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
