One thing that needs to be said...
Evolution paid $1billion for Ernest Henry. They already owned 100% of the gold rights and 30% of the copper. (And that's after all the easy stuff had been mined).
https://www.abc.net.au/news/2021-11-18/evolution-buys-mine-from-glencore/100629544
People should not be stressed about paying more than 2 cents and it's currently 1.3 cents.
If RNX has a discovery which is an EH analogue the SP will reflect the value.
It's about probability and the ratio of risk to reward.
If it's a failure the SP will halve... if it's a success... I'll let you work it out.
Ann: Gold Coast Investment Showcase Presentation, page-391
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