Based on RRS current figures Orabanda RRS cut of Smith is about 40 odd barrels a day.
40 x $82 per\barrel = $3200 a day $3200 x 365 days = $1,168,000 per year Production cost on top of that ???
Its a start I guess. End of the day the 9 million dollar cash and grab still makes RRS a piss ant Co for lack of a better term. Need to add another zero to that figure and produce some meatier results to least bat in the minor league.
End of the day I hope they do find a hell of a lot more and they need some serious cash behind them to flow the stuff, 9 million cmon, sounds like the directors pay packets for a year.
RRS Price at posting:
5.2¢ Sentiment: ST Sell Disclosure: Held