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Rainy River Resources

NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)

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Message: New York Gold Conference

Re: Financing

in response to by
posted on Feb 11, 2010 05:17PM

M, I don't agree with your argument.

If you check the Presentation on RR website from last November you will see that in a comparison to other companies we were valued at 1/9 the Average EV/MI&I Oz when the share price was $2 with 4 million ounces. Now we are at $4-$5 and we are still WAY undervalued compared to our peers. At $5-$8 per share we are STILL undervalued. Never mind the future results. We aren't getting a fair valuation for what we have. That has been changing but this financing de-railed us temporarily. Nice to see some recovery the past couple days.

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