With 332m SOI and $18.6m cash in hand, punters were selling this at 50c giving it an EV of $147.4m. That's stupidity at its finest when RDT will be producing in around 2 years - RDT has proven management in getting mines up and running and the MRE sits on a granted Mining Lease with gold and lithium orebodies alongside each other which makes UG mining more palatable. And then there's the growth upside at Mt Ida and then again at the new project Yinny.
Ann: Mt Ida Maiden Lithium Resource 12.7Mt at 1.2% Li2O, page-19
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