RDM 3.03% 16.0¢ red metal limited

Red Metal Banter, page-8

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    MRD - 2 years 1 month from REE discovery to releasing leaching met results.

    https://hotcopper.com.au/data/attachments/5666/5666380-98aa96d66db98031ac6ff2f5a6f9011f.jpg
    RDM - currently 2 months since discovery at Sybella, you'd hope they can be a tad quicker than MRD on the met tongue.png

    Other Aussie REE clay explorers for comparison (from initial discovery drill assays to releasing leaching met)
    - OD6 - Nov 22 - April 23 = 5 months
    - HRE - Oct 22 - July 23 = 9 months
    - VTM - Jul 22 - May 23 = 9 months
    - GRL - Aug 22 - Apr 23 = 8 months
    - VSR - Jan 23 - June 23 = 5 months
    - ASR - Mar 23 - Ongoing = >7 months

    So T2, your 6 months estimate is potentially a bit optimistic given the track record of these explorers!
    Last edited by CORNBRED: 19/10/23
 
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