Cheers, Slammer.
I enjoyed this comment on page 3 of the report: "The value of such a 25mt high grade Pb-Ag discovery would likely see an in ground value in excess of $10bn at current metal prices".
Using Wozza's previously stated 5% in-situ valuation, that would give the project a value of $500 million if they were to flog it off. A market cap of that amount (incl the add 30M shares from the recent placement) would give RDM a SP of $2.86 or a 14-bagger from today's SP. Granted, a long way to go and there are no guarantees, but the multi-bag potential of this project should be self-evident to those prepared to take a punt on finding the next big high value deposit. Great to see that the placement was oversubscribed with strong insto support.
A good weekend to all.
Deme
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $37.45M |
Open | High | Low | Value | Volume |
11.5¢ | 13.0¢ | 11.5¢ | $351.2K | 2.899M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41666 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 259919 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41666 | 0.120 |
11 | 312996 | 0.115 |
3 | 306427 | 0.110 |
6 | 744572 | 0.105 |
17 | 993159 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 259919 | 5 |
0.130 | 590242 | 5 |
0.135 | 59776 | 3 |
0.140 | 42400 | 2 |
0.145 | 209324 | 3 |
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