You are right, if this was purely nearology, then, excluding RDN's other assets it is overvalued.
There are too many similarities to AZS and what they have discovered at Andover a couple of km's up the road for me not to stay invested.
I would be very surprised once the drills get turning and results start coming in that we don't find some decent lithium intercepts. I personally don't see RDN lasting 2024 as an entity, I think it will become too tasty a morsel for SQM and Hancock. With it's proximity to the area they want to develop, it will be a no brainer for them to have control of Andover South as well.
Certainly an exciting 2024 ahead.
GLTAH
Daily Discussion, page-4145
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