Market finally waking up, page-48

I'm confident you'll see a profit mate.

Assay results due next week and I would expect a TH for both companies at some stage Monday or Tuesday.

RIE also has a few other things going on that will increase the sp too.

Their Charetis Creek lease they got back to themselves from the FMG JV is a massive lease with multi mineral potential. Something will happen there for sure as it's surrounded by FMG's big leases up there and should be worth millions to the MC alone. FMG have got enough going on in this resource market atm and simply just not worth there while. RIE have started some of their own works there now.

Also Milrose will be finalised soon I would say and RIE will get another 900k in the bank. Can do a lot of damage with $1.8m in this climate.

It only leaves us with a $4m EV for Charetis Creek lease and the 20% free carry in AUZ. It's a simple maths equation but seems like there is either a bigger stale holder or a few who keep drip feeding the market.

If we get good assays I'm sure it will sort that situation out!

GL