SIR is probably the key to any re-rating of RMR in the short term. SIR has started a new hi-tech EM survey and drilling targets as we wait. The success or otherwise of their field activities, especially new discoveries, would have to rub off on RMR.
If RMR can get some initial resource estimate then SIR may buy them out. And it wouldn't be for 0.008!
RMR are going to need a JV partner with money. SIR??
SIR are spending about $50mill on exploration this qtr and RMR just $2mill (all they have).
The big risk with RMR is cash position.
But all huge opportunities have a risk factor.
I think RMR are worth the risk at these prices.
SIR is probably the key to any re-rating of RMR in the short...
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