Taking the fully diluted sharecount of 120m and today's share price of CAD$1.85, RVX is currently valued at about USD$170m.... even when we include the CAD$68m debt (c.USD $50m) the EV is USD$ 220.... pathetic. lol.

to be conservative lets assume another CAD$100m capital raise to pay off the debt and get any trials over the line. I would be hopeful, given the direction things are now going, that the next capital raise is done at an even higher price than the last one.

If it is done at $3 then CAD$100m would result in another 33m shares and 20% dilution. Even if the capital raise is done at $1.50 (and therefore results in c.30% dilution to the equity) investors are still going to retain a 2/3rds share of a multi billion dollar valuation.

seems like decent risk reward from where I sit.