macca,
The market has factored in that RNI will find a similar resource to SFR.Their management are almost guaranteeing it. They probably don't even need to drill.They are just waiting for the takeover any day now. I even heard OZL wanted to buy in before drilling.
Even though Red Bore is closer to Degrussa than RNI's ground, the market is saying THX won't find anything. Curara Wells ,which is along strike from Degrussa is also devoid of resource.
RNI's market cap is $180 million and THX's market cap is $60 million. The market is telling you which company has all the resource without a drill bit hitting the ground and we all know the market is never wrong.
ngalia highest grades, page-11
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