"110 million x 32" Yes but what is the cost of extraction and refining? The Maronan ore reserve was outlined 4 years ago by RDM who have since been looking for a partner to develop it - no takers so far... Is not yet economic but probably will be one day. Don't forget that Maronan is primarily a Pb deposit - so it really needs the lead price to be in excess of US$1.00 / lb (currently about 82c.).
RDM Price at posting:
16.0¢ Sentiment: None Disclosure: Held
