Killing a bit of time so I thought I would put down some figures...

Killing a bit of time so I thought I would put down some figures that would justify the market valuation of RVR.

Market closed @ 15.5 cps

Cash in hand =      3.4 cps

So the market is valuing the Mining Operation @ 12.1 cps

Using a multiple of 10 for an EPS we need to earn  12.1 cps  divided by 10 = 1.2 cps after tax.

multiply by 500,000,000 shares =$6,050,000 after tax profit /year

So with the Qtr about to be announced we need to clear $1,512,000 after tax profit to justify this valuation.

If it was say double this the share valuation should be 12.1 x 2 =24.2+3.4 = 27.5cps.

I guess i'm buying a few more at 15.5cps

 I welcome any constructive criticism.and checking of figures. I also know there are a few more contributing factors to a share valuation but I think this is a good base case.