Daily Discussion, page-3673

So RDN submitted their heritage access request on the 27th of October (for the Andover tenements)

But lets call it November for simplicity

This is just heritage access (just to get into the area). Then they need to do surveys / walk the land with the local groups to identify any artefacts or objects of significance which can't be disturbed.

Once all of that is complete, they can submit their POW to DEMIRS.

This usually is a 3 month process for a junior explorer

So they're looking at potentially February for approvals

What happens between now and then will be based on the macros and general lithium sentiment

RDN at the peak was valued around $200M MC which is quite high and pricing in a lot of success, fueled by the AZS hype.
Currently its valued around $100M MC after the fall from the highs, and still pricing in a fair bit of success.

Note: the last raise price was at 2.2c, so most sophs/insto investors are still in the money (if they didn't already sell)

It's definitely an interesting project that i'll keep watching for now. I just fear without any near term catalysts and the choppy market conditions / falling lithium sentiment, there could potentially be some further downside before a recovery on approvals (although i could be wrong).