chart says sp in uptrend, page-2

Fishinnick,

Thank you for your post. This is exactly the point, and that is why David25's reasoning is incomplete. For some reason, RMS plays by different rules - I like that! - They have not done a recent JORC, which would change the valuation. I can see why not, as they constantly find new rich veins, and to be precise they would have to commission a new study every few months; they are in constant discovery mode, which is great for us: in order to appreciate the company, you have to have your eyes wide open - you can't play by the book!