what is it worth

Hi All

I have noted the keen buying in the last few weeks of the stock. On 25 June 2008 a report on the possible value of Redbank was completed and it may be found on the company's website. The value of the stock was put at about 23-28 cents in terms of long term price ie 2 years. Read the report and form your own view as the value of the company.

Since the report was completed the airbourne survey has been completed. This survey identified a number of targets for future examination. I note that uranium was also detected.

A resource up grade was published to the market on 17 September 2008.

The main source of the resource has not been discoved and I am of the view that a significant resouce exists at depth. I think that the buyer of the shares may have a similiar view.

It is my view that a takeover offer maybe in the wind. Suit yourself but the first offer is not generally the last offer.

Good luck