Red Pine Exploration Inc V.RPX

On the Ask?

[KC8]

I would be mightily impressed if somebody took out the 168,500 shares on the ask.  If my math is correct that would only take $123,000 and a bit of pocket change.

News letter writers - anybody on this issue?  It has been 2 months post consolidation - plenty of time to evaluate and do a write up?

Buyers of this issue are few and far between.  Volume of trading per week has been more or less on the decline since the 3rd week of March.

[zzstocks70]

Not going anywhere until a good drilling update. Stock is worth .50 to .60 as it sits imo. Good results and that will change. Glta

[PennyWise416]

I'm envious of your patience. Something I have to learn. But is the stock really worth $0.50 - five cents pre-consol? Completed PEA with gold reserves over 0.7M oz (that they're actively expanding)? And a mid-tier producer on board? This isn't your run of the mill junior explorer. RPX explored, found what they're looking for, and are finding more.

[Northyork]

Up until now they are not worth more than 10 cents. With 2 times of a reverse split and with what they have proven up so far a big mining company won't even look there way. When they prove up at least 5 million ounces start bragging than. Up until now you have no return on your money for the long term shareholders that have been in this for a while. 

[PennyWise416]

10c would give a market cap of 7M. Even during the dark days RPX never got that low. 25c was the bottom. Because of its location I'd reckon a major would take over for a lot less than 5moz. It's right off trans can. No fly in, no ice road. Don't get that too often.

[Northyork]

I agree with you on the property part excellent location but if they don't prove more up it's worthless. Stock price was trading at 2 cents last year.