I regularly spoke to PJ when he was at the helm and he was of the very strong opinion that once finance was approved, the share price would be in excess of $1.30. Once production started, we would be close to $5.00.
Obviously the world has changed on the coal front, but coal is roaring along nicely.
So if we use an ultra conservative approach and say that once we get finance sorted, we would expect $0.30 to $0.50 on finance approval.
What are you all waiting for...
Get them before the enormous rush that WILL occur once finance is sorted. Hindsight is a wonderful thing but wisdom will create you all wealth. I can see an announcement coming our way next week imo.
DYOR.
RES Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held