Fine, i'll lay off for a bit.@WoodySpoon gave me a good answer which i can get stuck in to.
Good points, thanks for engaging. Again, RNU do have all these items but it is still not producing anything. So, for it to be trading at half the MC of Syrah one should surely expect RNU to be at least producing half the output of SYR which is circa. $6M revenue. Also, again for it to half an MC of this size there should be some opportunity for AAM production also, but there isn't? I'd say RNU has a fair amount of future value baked in to it's current value. Having half the MC of the company that owns the biggest mine in the world at it doesn't make anything yet? Whilst all your points are valid, it just doesn't add up. Again, I'd say RNU would be worth 1/5th of Syrah, thus $100M MC ish.
Nah, you misunderstand. I want to buy a company at fair value. 100% RNU will go up over time as graphite increases and demand skyrockets. But valuations are important, especially as we are nearing the end of RBA/Fed QE and also the chance of interest rates rising. I'd rather buy 5c - 9c and have it return to 12c in the future, than buy now, enjoy the ride down and then wait for it to return to 12c in a few months from now.
(20min delay)