mj007, It is not a once in a lifetime discover, it more like once in 50 lifetimes, biggets nugget+3rd biggest ever (pn same day), richest gold deposit ever, beyond the Comstock. Right now about a 1 PE after going up 12 times.
For RNX.TO be 1 PE at $1 would be about $400 million CAD (it chances so fast even intraday, it was $350 million a hour ago)
They say 90% margins, which when you are prying gold out of the ore is possible. So say $460 Million a year Rev for 1 PE,
It is $1571 CAD oz now, so that is 292,000 oz a year or 24,333 oz a a month, they got 15,000 oz last week before this huge new find. 4 weeks x 15000 = 60,000oz a month
So right now the PE is 0.40, if things get worse and production drops 50% they are still under 1 PE.
This is what the market has missed. The grade of the ore is most important thing in making a profit. They can make 5 times more profit than a company that mines twice as much OZ than Royals run rate.
And that was last week, this week bonanza garde ore went from 10 meters to 200 meters and they went from one proved shear zone to two proved shear zones, doubled the proven structures from 1 to 2.