I'm thinking the same thing Garn. Investing in RES will either be the best (or worst) decision of our lives.
Has anyone come across an active coal mine bigger than Boikarabelo? There aint many around ...
Almost 700Mt+ of saleable coal on 35% of mineable area is massive. 50+ year mine life and as you said "milestones achieved, management experience, progress on the ground, committed purchases and timeline to production". Surely, we're up there amongst some of the largest mines of any resource type worldwide.
Having said all that, when I stare at a 17.5c SP, I think maybe we are delusional after all! I'm sure once funding is complete and the dust settles, RES will move forward. How much is anyone's guess???
With Blumont out of the picture, if the current register remains largely unchanged and we reach production with approx 600M shares on issue, would RES be worth $1.00? I have no clue when it comes to valuing companies. Anyone????
RES Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held