RE: target priceIt's difficult to say as, in often the case, price is determined by fear and greed. IMO, companies that are considered uranium plays are currently the rage. Therefore they are attracting lots of attention and corresponding dollars.
If RPT pulls out a core that has over 1.5% of U3O8 over a decent intercept e.g. 10m+, then we are talking about a min of $3. It could go higher based on the fact that the target area is relatively shallow and that a road network to the site is in place; this means that the cost to extract would be relatively cheap compared to other properties around the world.
Consider this, they have alreadty found 2.9% with the drill and over 17% in a nearby surface sample. I would say that the odds of finding more high grade stuff in the area is pretty good. The drill will tell us if this is indeed so and how much.
With uranium being such a hot commodity, investors are searching out the bargains. Believe it or not, there are lots of investors who haven't heard of RPT or the Sibley Basin yet. That won't be case anymore if RPT pulls out a good core (IMO, it will happen). Then investors (and sadly, also the pumpers and dumpers) will come out of the woodwork. When that happens the value of RPT and the other 3 or 4 companies that are exploring for uranium in the area will really go up. Oooh, I'm getting goose bumps just thinking about it!
Good luck!
Sam