RDM 0.00% 15.5¢ red metal limited

dimensions of cannington, page-52

  1. 2,831 Posts.
    lightbulb Created with Sketch. 391
    "I think to odds are against RDM finding a giant ore deposit.In the last 35 years 154 bill has been spent on Minerals exploration and from that they have only found 59 World class discoveries.That means you have to spend 2.6 billion per discovery on average.The industry only finds less then two world class deposits a year."

    Not the best place to post this Sido - in the RDM forum lol.

    I'm sure you didn't mean to take a pot-shot at us all while we wait for the guts of the target to be drilled ;-)

    Rewritten with a bit more even-handedness.

    "Based on pure numbers that encapsulate the entire mineral exploration universe, (from shady operators looking to loot shareholders to the creme-de-la-creme such as RDM who do otherwise) - basic math dictates that giant deposits are as rare as the proverbial hen's teeth... personally, I am not of the punting kind and as a rule don't get involved with this speccy end. I am going to miss 100% of these shots I never take, as you have to be in it to win it, and I accept that.

    Having said that, RDM does have plenty of promising signs and I hope for all of you holders things work out super... I applaud you for leaving your chips on the table to see what the next card may be, but it's just not my game."

    Feel upbeat RDMers... no reason to be otherwise.
 
watchlist Created with Sketch. Add RDM (ASX) to my watchlist
(20min delay)
Last
15.5¢
Change
0.000(0.00%)
Mkt cap ! $46.44M
Open High Low Value Volume
16.0¢ 16.0¢ 15.5¢ $6.125K 38.45K

Buyers (Bids)

No. Vol. Price($)
9 182468 15.5¢
 

Sellers (Offers)

Price($) Vol. No.
16.0¢ 34562 2
View Market Depth
Last trade - 11.15am 24/07/2024 (20 minute delay) ?
RDM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.