Pisces - could be that with PGM's not being valued RRP will look to other avenues to create value. They have an established asset base and a company in which to issue paper certs in acquiring other interests.
Yeah it?s said a lot on the ASX about expanding but a small company, I have to wonder whether the PGM will be hived off to a producer so that the ALI used as cashflow and other assets.
I noticed a mistake in my previous calcs as well because RRP don't have 100% of license so they're actually valued at 4 buxs an ounce which is still low. Sorry for the mistake but that still gives an upside to around a dime / 25 cents? Gotta agree with your management comments decent bunch and they want to grow.
http://www.youtube.com/watch?v=_WmSzadBwVY
Pretty much says what I was on about.
RRP Price at posting:
12.0¢ Sentiment: None Disclosure: Held
