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From doing simple maths I reckon RIE should be capped around the...

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    From doing simple maths I reckon RIE should be capped around the $11m mark right now.

    Current MC $5.8m, circa $1.8m cash - EV $3m.

    AUZ MC is $30m. 20% of that is $6m. Free carried through the project so that is worth a bit you would say and then $1m left of spend from AUZ to get to 80%.

    With an EV of $3m and and a real worth of $8m or so you can add another $5m onto the MC giving us a worth around $11m imo. Dyor
 
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