TSXV:RRM.H - Post by User
Comment by
huxleyon May 13, 2010 10:08am
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Post# 17094264
RE: RE: RE: RE: Volume
RE: RE: RE: RE: Volume
I really don't want to rain on anybody's parade, I really don't but on the other hand it might be the right time to throw a little cold water into your blood as we would say in my country. A SP of $1 means a marketcap of $51 mil which sounds a bit rich to me. Let's face it: This is not really a hot market. Another thing: I just checked the PP. If it goes through, it probably will and we will know next week, it is only and I mean only of $300,000, 10% or $30,000 of these monies are going down the drain as a finder's fee. Leaving $270,000 and even in Mexico there are limits to how big a drill program you can buy for that kind of money.
cheers,
huxley