I agree Manobo.....MK is a bit too much of a cowboy for my...

I agree Manobo.....MK is a bit too much of a cowboy for my liking as sprukes (milks) the market with bullish comments....yet when you read beneath the lines often lacking some substance in terms of authorative evidence such as JORC resource base estimates. Example for my mind is RCP study with NPV of $53m BUT THIS WAS BASED ON A RIDICULOUS 8% DISCOUNT RATE.

I still believe potential for a proper JORC resource upgrade for RCP is very high....and thats what I am prepared to wait a couple of months for.....

Association with MK is why I have got in cheap for RCP for potential I see....I haven't been tainted with investing in MK companies until RCP but from what I have seen over the last few months I am not impressed.

But he has put $6m into RCP and it is the one flounted the most out of the companies in his stable as I do reckon it is the one with the most potential. If they don't deliver this JORC upgrade by Xmas I will exit and have a NEVER touch anything with MK's name on it....

Although I would be careful as I reckon if RCP delivers what it should he will use this opportunity to milk it for other opportunities like Monarch. Not that close to the latter, but from what I have read so far it doesn't sound like something I would be investing in....