s-p
at 8c rrs will have a market cap of 143 million. pretty good value when you compare with a handful of aussie spec plays such as
pen 46 million
mls 51 million
ext 89 million
gdn 97million (one well with a stuck pipe)
smm 621 million (no license to mine even granted)
with sovereign risk decreasing every week rrs should have a market cap closer to 200 million after jv is signed. throw in a off shore deal with oil search or such then add another 100 million to market cap. after aim listing rrs will be valued closer to the billion dollar mark
s-pat 8c rrs will have a market cap of 143 million. pretty good...
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