should be compared to boa

The best comparison for RMR in establishing an appropriate market capitalisation is BOA.

Take out RMR's international assets and BOA's cash and you basically have to shells with some really exciting ground near SIR.

At 40c BOA is valued at about $20 million. Probably a bit high.

At .4c RMR is valued at about $10 million. Probably a bit low.

Let's take BOA's price down to 30c and push RMR up to .6c.

At these share prices both companies are valued at about $15 million.

Give RMR a 20% discount for having questionable management, and we come to a price of .05c as good value.