RE: RE: News on Rathdowney Resources I'm no expert either, but my thoughts:
The resource estimate is exciting - 21.2MT @ 7.42% avg grade Pb+Zn when they've been profitably mining 4% Pb+Zn a stone's throw away for a long time. This is the bulk of Zawiercie I and the highest grade zones of Rotinko (assuming the mineralization doesn't extend beyond what they currently know of elsewhere on the property).
If they extend out to include Zawiercie II they could add a few MT at profitable grades and fill in the gaps of their resource estimate - we could be looking at a 30MT+ high-grade resource and that only includes what the Poles drilled into to - there are plenty of areas in the Polish Technical Report on the properties where the Poles didn't dig as the continuous mineralization seemed to stop (or they drilled one probing hole, found nothing and stopped even though we've seen Rathdowney's own drill program finding the occasional hole right in the middle of the highest grade zones turning up nothing) - if there's a new mineralized area within the license areas it'll be pretty great for long-term shareholders. So would ANY find in Ireland with decent economics.
The RJ analyst report, which really seems like it relied heavily on management's input and actual capex/opex costs from existing mines, suggested a $150 million Capex. If we assume that is reasonably close we're golden.
Of course, the SP didn't move at all (it actually dropped a penny), lol. I actually think with a compliant RE the promotion they can now initiate will bring in some fresh blood and get the SP up. We're not going "to da moon" anytime soon, but we should certainly see some increased valuation.