Great analysis @setfire2thehive, without a doubt on the Tungsten / Tin project alone RFR is undervalued.
It really does amaze me that RFR is at ~$13 million market cap when we a have a low funding, low payback, high IRR project that will be producing revenue within 6 months. As well as the under valued Santa Comba project there seems to be zero value attributed to the early stages projects in Canada. The market has completely overlooked that one of the Canadian projects (McCleery) has received a small amount of local government funding and sits in the Yukon which is one of Canada's most prolific mining regions and the other project (Midrim/Laforce) already comes with some outstanding historical near surface (under 100 metres) drill results with multiple hits of ~ 20m with Ni, Cu & PGE.
The upside here from underground expansion in Spain and new recourse definition in Canada can't be ignored, with the very modest amount of shares on issue and positive news flow in the future RFR has the potential to earn shareholders some really good gains.
RFR Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
