Morning Fancy. I don't see that as an unrealistic price actually - it's just the timeframe. RES is grossly under-valued on any metric as I've posted on previously. But we need final approvals of course, but more importantly we need macro factors to be favourable again before boomtime multiples return. Four to five years is my guess but I'm comfortable waiting. It's a standout mine, but while the global mindset remains totally focussed on a meltdown it's unrealistic to expect the market to reward that. Am now within a whisker of the top 20 so I hope I'm right.
RES Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held