So here we go with perhaps a numbers outcome based myprevious...

So here we go with perhaps a numbers outcome based my
previous assumptions.....

Say 10,000 ozs gold are produced in first yr with ongoing assumption
that sort of production will continue to support further exploration success

And at around Oz $2900/ ounce will result in an Y of around let us say
$12-15,000,000 on an EBIT basis say 50%......

On that basis, given the vast potential of RIE as yet not explored,the
company on a basic assumption of around 10 times earnings as suggested
would suggest a value of somewhere around 5cents plus....

Happy to be told otherwise..!!

Cheers...