resource capital research 2007march qtr report

Have just read the very capable John Wilson's report just released. As you know from previous posts , I was keen to gets his views on the company after earlier hinting the positve upside to Thatcher Soak.

His valuations are this: minimum $2.36, max $6.88. RCR's valuation $4.54. Yes thats right. He has drawn up a table that is easy to follow. Its also good to have the comparison with other U advanced explorers with regard to market cap. You can see how much disparity there is between companies like Nova, Bannerman and Deep Yellow amd co.

I think he may be conservative on his unit valuation in $AUD per lb (would have thought there was more margin to be made - a lot more), but still, even if he was spot on, you can see the potential that this company has.

To all the holders who have stuck it out , well done, and we look forward to some solid drills soon and JORC on two continents by end of year.