I think the price has already priced in a lot of Avalon drilling have a look at CGR, and think how the market value it in the past and should be similar to how the market will value RCR ATH for CGR is 48c or $52m M/C, but the s/p was settled around 30-35c, so say we take the mid-point 32.5c the MC is around $35m and RCR will have $35m M/C at 12c s/p.
I still think it will back to 7-10c price range when the assay is out then move up to 10-12c, so give us the pokali assay first then start Avalon drilling.
RCR Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held
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