Some back of envelope figures, (lots to take in)...I will ignore...

Some back of envelope figures, (lots to take in)...

I will ignore the new gold assets for now, as I suspect they did little to fuel today's interest...but it's probably not a good idea to completely ignore them.

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Mian uranium assets:

Lake Maitland (80%): JORC resource: 15.1m tonnes @ .52kg/t U3O8...(17 million pounds) - containes higher grade core.

Mundong Well (80%):
High grade potential???

Angelo River (80%):
644,000 tonnes @ 0.124% U3O8 (173K pounds) mostly low grade - potential for higher grades at depth?

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Company profile:
-----------------------

Shares:

Existing on issue: 137m
New from capital raising: 86m
New to Simmax: 52.5m

Total: 275.5m

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Options:

New from capital raising:
21.5m (ex 5c 06/07)
21.5m (ex 5c 06/09)

New to Simmax:
25m (ex 5c 06/07)
25m (ex 5c 06/09)

Sophisticated investor issue:
60m (ex 5c 06/07?)

Total: 153m (ex 5c various dates)

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Reconciliation of cash:

Capital raising: $2m
Divestment of Colloqui: $1.8m (max)
Issue of options: $0.06m
Cash $0.2m?
Options conversion: $7.65m

Total Cash: $11.71m (2.7cps - not discounted for future value)

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Summary:

Fully diluted shares on issue = 428.5m

Fully diluted market cap at today's close: $27.4m

Total Cash: $11.71m (2.7cps)

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All up, it would appear that RPT still has room to increase it's market cap, especially given the grades and size of the Lake Maitland resource - AUD$479m in-situ value.

I traded in and out several times today, amazingly with a 100% success rate...this suggests to me that today's trading was a genuine market reaction, or in other words, it didn't appear to be driven by parties specifically associated with the stock.

Decided to off-load half of my holdings just prior to the close at .064...just to keep one foot on either side of the fence for tomorrow.

Cheers!