Market finally waking up, page-58

This is only my personal calculation, and definitely not intended as any sort of financial advice, but seeing as you asked:

I hate to say it, but I think 'exceptional' was what was priced into RIE's JV partner AUZ at 3.6c by the ridiculous ramping of that PPP newsletter, which took it to about $42m, which is what you would expect the MC of 80% of a very early stage (5 RC holes) million ounce discovery to come to. (And we certainly don't have that. We have one RC hole with 10m of gold grade in it)

'Good' results (gold in most holes, but thinner and lower grade than the discovery hole), might still support an MC of $20m if the AUZ rights issue level of 2c held.

'Average' results (a few scattered decent gold assays, but nothing to confirm continuity or suggest resource tonnage potential) could see the AUZ MC right back to $10m.

Obviously in the success case there will be a premium in AUZ for control and the cash that they have in the bank, but equivalent MCs for RIE might be $10m, $5m and $2.5m, with a further discount for their lack of cash and need to issue more shares to raise funds.

It all hangs on the forthcoming assay results, for better of worse.