what's it worth?

G'day fellow soon to be KRE holders.

At 20c IPO mkt cap will be $15.4m, $21.2m or $25.1m depending on minimum, target or maximum subscription.

Seems a bit warm for an IPO valuation, but I have no idea how to value REE's at this stage of their development.

NAV holders get 1:20 free & can subscribe for 1:10 at 20c.
Because of the numbers, it won't be much of a holding. I normally just flog whatever I get free.

So any assistance in determining if this is good value (hold/buy more) or not (sell & don't take up priority 20c ones)would be appreciated.

I'm focused on emerging gold producers. This needs someone who is across the peer group to give us a comparitive valuation.

cheers,

ned.