RNX 6.67% 1.6¢ renegade exploration limited

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  1. 200 Posts.
    Neddo, I completely agree. The next few weeks, maybe months are not going to be pretty for the stock market as a whole (particularly the juniors). OVR share price may drop even further but I consider it more as a pre-producer rather than an explorer given the defined resource - I don't feel uncomfortable holding a large no. of shares in this company (we also have enough money to ride out the next 2 years or so). At present, market capital is about 30 mil (including the new dilution) - NPV is over 200 mil from memory at current zinc prices. We are still fundamentally undervalued.


 
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