i got the impression that the valuation was resource based, with the timeframe of the 25% price target taking into account production. however i may have misinterpreted the report, or perhaps read it back to front, if that makes any sense
either way, the point is that the initial reserve is about to get an upgrade owing to the drop in cut off levels thanks to the metallurgy results.
this, i feel, is what is about to drive the reval.
PS more interest in oppies than heads lately. very positive sentiment so late in the game
RHM Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held