RES paid SRK $35,000 for this report about 8 months ago, and about $90,000 to BDO that showed the same thing! We are worth a shovel heap of money.
Page 37 of the SRK report. No matter how you review, looking at the value of RES on an undeveloped basis SRK reported the value at $201M (USD that is!!) That's a far cry from the 6-7c currently traded. Imagine the value after including the other billion tonnes at the Waterberg, and considering we are one month from receiving funds for developing the mine!! The figures above are based on an undeveloped basis!
We have had some tough years in here...but putting all BS, anger, and frustration aside, this is one huge volcano!!!
Thermal coal price is moving in the right direction, shares are so tightly held that there is no longer any sales, finance next month or so, what am I missing?
