RCR 12.5% 10.5¢ rincon resources limited

RCR chart, page-37

  1. 9,899 Posts.
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    ENR's M/C is $160m, and the highest MC was $220m
    say if RCR can make the Niobium discovery at Avalon
    what will the MC be? 100m? or 160m to match ENR or the same MC as ENR?
    at 15c RCR will have MC of $43m, then from 43 to 100 that's about 130% gain
    so if RCR's share price jump too high there will be less upside when a discovery comes
    in that theory the s/p will be kept within certain price range
    my prediction will be $20-30m or 7-10c
    and if bad assay from Pokali is out then it may drop further but should be back within the range
    if anything higher than this should be considered as a "sell"
    good example is CGR when it went up to 40c+
    you can buy CGR at less than that price now and better RvR
 
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