RCR 0.00% 2.4¢ rincon resources limited

Ann: New Bullseye Gravity Target at West Arunta, page-453

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  1. 10,409 Posts.
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    you got to compare apple to apple, and I think the best comparison is with CGR
    as both companies are next to each other and drilling at similar time
    CGR has 2x RCR's M/C, I know they got more cash 8.2m vs 2.1m
    but in terms of EV it's 28m vs 16m
    so either they are way overpriced or RCR is still way undervalued.
 
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