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4.00% 2.4¢ rincon resources limited

Ann: New Bullseye Gravity Target at West Arunta, page-453

  1. Trade4Profit88
    10,339 Posts.
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    30/04/24
    10:42
    Post #: 73577465
    you got to compare apple to apple, and I think the best comparison is with CGR
    as both companies are next to each other and drilling at similar time
    CGR has 2x RCR's M/C, I know they got more cash 8.2m vs 2.1m
    but in terms of EV it's 28m vs 16m
    so either they are way overpriced or RCR is still way undervalued.
    RCR Price at posting: 8.9¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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