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
RCR Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
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