Well it looks as though management are the one's keeping the shareprice back.
Other stocks are forging ahead while this one goes backwards.
RNI, with no drilling results to speak of has a marketcap of $150million
TLM, with better ground than rni and have now started drilling, have a mc of $130million.
Now THX, with a Uranium JORC and many other U results on the board, a JV nickel venture with a JORC, and some substantial copper results from Red Bore (which is closer than all the rest) has a underwhelming market cap of around $97 million.
It would seem that the market values the contribution of the management at MINUS $80-100million.They rated their inability to do enough drilling for the JORC as a MINUS $20million effort.
Would this be a fair assumption?
Will they improve or this as good as it will get?
I will hold off buying further until they can show they know what they are doing.
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