RE:RE:RE:SummaryGiving up....NO absolutely not yet by a long shot
The valuation of RRS with (outstanding) 34.9M shares X $0.09 (last rade) = $3.141M.
YET RRS has 6.6M shares of EVNI X (anticipated) IPO @ $0.75 which would equal $4.95M that asset ALONE is 58% MORE than the current market cap of RRS.
And need I mention that the Stone business is proving it’s success, returning cap back into RRS coffers!!!
Guess investors lost confidence after the Que gov’t declined to issue the mining permit for Silicon Ridge! But to some extent or other, RRS Wil recoup the exploration $ it invested into the project.
so I'm bullish re future of RRS's .... all things taken into account.
And more kudos to Sean & Paul for their fortitude & ability to carry out the successful rescue of RRS from the "brink" after MFFP put a hold on permit mining of Silicon Ridge.