GREY:RNKLF - Post by User
Comment by
10moving100on Oct 18, 2018 12:06am
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Post# 28824673
RE:Quick question for an experienced trader
RE:Quick question for an experienced traderWM has 355 million shares at $0.27 for a market cap of $95 million.
RNX has 377 million shares at $0.86 for a market cap of $325 million
WM nit likely to catch RNX share price for the basic reasons you pointed out. WM, maybe 5 yrs at best to a production decision, only if all the stars were alined, and after much more drilling to define a resource through financings creating further diloution of the share price.
RNX looking to do some drilling to determine what they are dealing with as an inferred resource, at best, to guide mine development. Financing for the limited drilling likely to be financed from the "face" of the Faters Day Vein workings. NO DILUTION, great for us little shareholders.
Grade, Tonnage, and Metallurgy should not be underestimated, and RNX has 2 of the 3. Tonnage is the unknow holding RNX back in my opinion.
RNX currently has 3X the upsidepotential when compared to WM.
GLTA and always do your own Due Diligence.