With RNU's market cap closing trade at 650m+ mark, I'm starting to wonder, what is RNU actually worth? How much further can it run? I hold RNU but not SYR.
I'm currently evaluating SYR and seemed a little puzzled by each market cap.
Market cap just shy of 1.2b so double RNU
SYR has almost double the Graphite Mineral Resource as RNU
SYR has double the proposed processing capacity
Similar cost per ton
SYR 50 year mine life vs 40 with RNU
SYR is currently mining and processing - ramp-up phase.
SYR's mine is in Mozambique (Ok this is the largest uncertainty I see). Processing in Louisiana.
If I have messed up or misinformed any of these figures please correct me,
As I understand it, RNU is still realistically two years away at best from any real mining /processing operation.
This makes me feel, RNU is highly overvalued OR SYR is highly undervalued?
Please help!
RNU Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
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