I think Min is pretty close. EMR have $18 mill in cash. Less their stake in RNS, exploration commitment and FS costs I think they will end up with crica 10 by Dec. RNS has 4 lets assume they have 3 by Dec as they have minimal reasons to spend cash. Math would be 56-10 = 46 for EMR and 29-3 = 26 for RNS. On that basis RNS should be trading close to 9cent
RNS Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
