the market is valuing riedel at not much more than a couple of...

the market is valuing riedel at not much more than a couple of dollars an ounce of in ground gold resource [after subtracting cash from market cap]

this tells you exactly how impressed investors are with managements ability [or willingness] to spend existing cash to progress existing gold resources.

they actually have cash---more than a lot of stocks in favour. they actually have gold in the ground, not just the hopes that a lot of higher capitalised companies have.

the difference is the management discount. they have cash,gold and the contempt of the investment community.