RDM 4.55% 11.5¢ red metal limited

Red Metal Banter, page-142

  1. 275 Posts.
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    I am also waiting on metallurgy before I buy in. No indications from management on timing, just when they started the work in October. Bit disappointed in the price action waiting on the sidelines tbh, it's gone up from mid 8's now to 11c (30%) without any news and on volume. Guess that's the price you pay for waiting for a derisking event.

    I looked at the met results for a few others (copy below from a previous post of mine), the fastest companies from discovery to met results were OD6 and VSR, both 5 months (keep in mind these results were very simple, a handful of diagnostic leach tests). Most companies were 8-9 months.
    https://hotcopper.com.au/data/attachments/5869/5869959-6880184d03e4c10d6084a73bea9e49e5.jpg
    If RDM get something out before aus day, they would be the fastest company in australia for met release from discovery. So I am thinking between Australia day and V day as a guess, around the same as VSR and OD6.
 
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