pitiful, page-2

Ye I reckon but look at it this way;

Current Market Cap = roughly 120,000,000 x 8c = $9,600,000

Cash in Bank = $12,000,000 there or abouts

But what's the intristic (real) value of the project?
Scoping study midway this year will be based on reworked JORC TABLE, Metallurgy works (current), an enhanced drill program this year on areas which are open (we have plenty of that).

I dare say with all this work undertaken it'll have to be worth what 20-25 Million at this stage with the safety of no immediate CR.

Either this or we become an attractive takeover target.

Look at our peers (NTU, GGG, ARU, ALK) and tell me we wouldn't be the most undervalued within our sector right now (below cash backing) and even more so with the anticpated upgrades to come this year.

Perfect time to accumulate, I would love to see the SP drop even further to arouns 4-5c, as if you wouldn't love to top up at those levels (5m MC).

Sadly as the market is ignorant it could be a real possibility.

When this bear market turns and it will how hard do you think we are going to rally? I looked at MLX when tin was in the doldrums barely scraping through and it came around, RE are CONSOLIDATING within their price range, even if it drops a bit more we're still looking good on our feasabililty studies.