The main thing people have to realize is the real potential of 100,000 ounces per year and as I said at a cost say 400 bucks and POG of 1100 then profit should be 70mils per year now banks are valued at 13x earning and if you put at a very conservative valuation of 6x then RAU should be valued at 420mils and 6x pe is just too low for mining what about at 10x pe then it gives you a number of 700mils and todays value is 25 or 27 mils at 2.3 cents so you can figure out at 420mils the sp should be above 45cents. Now we can change our oppinion due to reports or posts that we read or stick and concentrate to the facts and have a bit of more faith in our judgement and stick to the decision and stay with RAU and take the risk and give it more time, if the production to start at second half 2011 then as market works 6 months ahead then sp should react to I believe more anns re debt, license etc at around end of this year but if the anns come out re debt etc in a few months then sp will react to it positively already. We can listen to many others who don't have any faiths in RAU or lost faith already due to loss of money taking too long etc etc etc but having too much infos can make you confuse and take away the real issue and major point so at the end one must make ones own oppinion and stick to whats the best for ones situation to suit your capital position and risk profile.
Cheers,
BIG Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held