$6m m/c $3.2m cash 46.1m @ 5.40g/t au , page-83

not at all

ddzx is not confused at all

remember, this is Hot Copper, where the majority are numerically illiterate about basic concepts such as MC, EPS, PE ratio, etc, & mere biased rampers of stocks they parochially hold

in the end, what counts is a market capitalisation that reflects appropriate valuation for ounces in the ground

to repeat, again, if RER held 10% of the project then a $6M market cap would be equivalent to a $60M market cap

this is how the market cap must be perceived

to say: "RER is cheap because the market cap is $6m" is, in itself, meaningless

RER has a 60% share of the project. if is official market cap is $6m then it should be made quite clear, in relation to project share, that the relative market cap is $10m

posting RER has a $6m market cap is, in essence, a deception

good luck