RNX 0.00% 0.8¢ renegade exploration limited

Not long now, page-8

  1. 22,120 Posts.
    lightbulb Created with Sketch. 20
    you guys are missing the bigger picture here

    EMX was capped at $5m when it was trading around 2c they then raised $8m at 2.5c and their market cap went as high as $40m before settling back around $25m and this was all driven by them refocusing on their Gorno Zinc project which has no defined resource but simply an exploration target of 7Mts-10Mts@7%-10% Zinc


    Meanwhile OVR is capped at $3m and has a JORC defined resource of [email protected]% Zinc

    Based on EMXs performance should OVR be successful in extending their Yukon permit Id expect to see the stock rerate significantly
    A peer comparison to EMX would suggest a market cap of $20m+ or 10c+

    This would also explain why one of your substantial holders has been loading up on stock on market recently
 
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0.8¢ 0.8¢ 0.8¢ $1.183K 147.8K

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0.8¢ 4053179 9
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