if we included the price sensitive updates on this chart (ENR) see that when ENR started the drilling program for their Nb-REE targets, its M/C was at $71m then they did $10m CR few days after after that there're few Nb-REE assay which drive the s/p up then back to where the CR price (25c) was and see how many times it hovered around 25c (sub-$100m M/C) from the chart it clearly shows that how many drill holes they have done until they hit that high grade Nb results and unlike WA1 where they hit the jackpot the first try, then they reached $130m M/C
all these are the good indication for what RCR should worth at current stage of exploration in ENR's case why did that $10m placement was done at 25c, because that is the fair value, and see the low was also around the same low after the CR ann. so in RCR's case why did that $5.6m placement done at 10c? that is the fair value, and what was the low after CR ann.? 6c+
RCR Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
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