my thinking

well did some research and key points that i think are as follows:
1) study commissioned by the Company from the leading international potash consultants, Agapito Associates Inc.
2) MAJOR SHAREHOLDERS
Top 20 shareholders:

Holder Name
Balance at 02.09.10
%
Phelps Dodge Australia Inc
12,476,471 12.24
Mr Robert Alexander Rutherford
8,700,001 8.54
Now Robert Alexander is a former employee of Phelps Dodge Australia Inc.
Also RDM is in a Strategic Alliance Agreement with Phelps Dodge Australasia, Inc. (a subsidiary of Freeport-McMoRan Copper & Gold Inc.). This alliance utilises funding from both Freeport and Red Metal, which has the benefit of increasing exploration expenditure thus increasing the probability of discovery.

3) Freeport-McMoran are a the world's largest publicly traded copper company. We mine geographically diverse, long-lived reserves of copper, gold and molybdenum with Market Cap of $49Billion.

4) Exploration Target of Scope to produce about 200kt-2Mt potash per year for Potash5 Horizon.
Exploration next to Intrepid Potash, Inc. that have produced 500,000 tones of Potash last year..


5) For Potash 5, Potash 6, Potash 9, Potash 19 and Potash 21 exploration projects

So thus the company with Potash alone on its side is worth 200Million putting it market value at
$2.00-$2.40

what do you people think?