RE:SNS.V 0.24$ with a Market Cap of 16MIf you're going to use Select Sands as a comparable play, then check where they are and how they got to the price they're at.
Take a look at their 1-year chart and you can see there was 3 events that caused their price to move up:
1) April 16, 2015 - Announced a Quarry Mining Permit Application
2) May 6, 2015 - Quarry Mining Permit Granted
3) June 10, 2015 - Completion and Announcment of Preliminary Economic Assessment
RRS is not too far off from these three events.
I suspect some of the new enthusiastic RRS posters here are those that participated in the last private placement, have free trading shares they want to unload.