GREY:RDEMF - Post by User
Comment by
wiseyoungmanon Oct 25, 2016 12:33am
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Post# 25381097
RE:$1.50
RE:$1.50Dear 99snakes and marketsense I don't Disagree with you guys. I several months ago posted a target of 1.25 to 1.50 depending on price of gold. I am so long it is not funny. But big spec here is for RD to prove out more reserves or even resources. They have about 200K resources on top of the 405K proven and probable reserves. They need to PR drilling either at depth or on strike near the mine area or certainly do a PR on an adjacent target to get to 2 to 3 dollars down the road. Let's not put cart before the horse. I largely already have a 5 bagger now. But let's be patient. As for CB Gold drills that will be a 2017 plan and will be accretive to us RD longs. Am I missing something. Remember valuation based on only 405K 2P reserves caps our price folks. GLTA