Hi the top map is one I have been working on showing who holds...

Hi the top map is one I have been working on showing who holds what leases in the area.I found some leases underneath the Killara tenements which are held by CHN who farmed them out to Teck who subsequently farmed them out to Kent Exploration Inc,a TSX listed explorer.In my map in the circled area which sits on the Gnaweeda Greenstone belt(can be seen on the second map)Kent has reported(in the last 12 months) the following drill intersections:
18 [email protected]/t including 1 [email protected]/t and [email protected]/t
previous drilling by Teck reported:
1 [email protected]/t from 50m depth
1 [email protected]/t from 16m depth
1 [email protected]/t from 168m depth and in the same hole
1 [email protected]/t from 169m depth
We are all aware of the grades from DRM's recent discoveries at Andy's Well.My point is that it entirely possible that both these greenstone belts continue northward under cover onto RRE's Killara leases.
Also it is interesting to note that DUO(who I don't recommend)have been busy acquiring leases and increasing their footprint in this area
My conclusion is that considering the small MC and shares on issue ,RRE's cash position and large lease holdings with gossans,plenty of structures and greenstone,that at it's current SP I believe that RRE is undervalued compared to it's peers in the area and presents only minimal down side risk with a lot of upside potential.IMHO of course. DYOR and have a think,make your own decisions on the points I've raised