re: Ann: New Joint Venture in Lake Gairdner D...
Hi Guys,
Just to illustrate how de risked this play is have a look at this:
113,250,000 - shares on issue 7c - current share price $6,645,000 - current cash
113,250,000 x .07 = 7,927,500 7,927,500 - 6,645,000 = $1,282,500
The EV of this company is a ridiculous 1.2m!!
They have plenty of cash and some massive targets in an area which is hot, just check out surrounding companies drill results to see what im talking about.
RNU Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
