RNI ran to 90ml MC on no drilling, merely on hype & speculation being near to SFR (600ml MC). And the size of the tenaments isnt that big anyway. Here we have 10-20ml company right next door to RIV with 2BL MC!
And check the size of the tenaments, location, the size of the coal-bearing Karoo formation within the tenaments & the average thickness discovered on these formations.
Totally overlooked by the market.
RNI ran to 90ml MC on no drilling, merely on hype & speculation...
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