Kiska excellent postfolks this is just the normal conflict you...

Kiska excellent post

folks this is just the normal conflict you get when newbies get interested with a rising stock price, folks seeking further information ask questions that were discussed months ago as if they have some break through revelation and the old posters who have months worth of research advantage get "same old question fatigue"

so rather than just debate for debates sake, do yourselves a favor and take a while to go back over the old threads, most of your issues have been covered before on many occasions

RWD has a $16B JORC resource with a $120M market cap, that gives them a $14 in the ground value per ton, pulling it out of the ground is about $240 per ton including transport ($100), folks are valuing the mining plan for 200k tpa, they arent really valuing the company, as Kiska mentioned they could easily increase the tpa target very quickly, this chages valuations very quickly. Imagine if you had gold company with a 20M oz resource that was going into production in 18mths, what would it be worth?

Compass have a 2.1B market cap and produce 400k tpa

I dont have a problem with valuations models, they are a useful tool, the problem they have is they only value the known factors as if there will be no further new factors that come to weigh on the valuation model.