Australia's largest stock trading and investment forum Australia's #1 stock forum

RDM

Click for more information

4.55%

11.5¢ red metal limited

Ann: Sybella Drill Assays Confirm New REO Discovery, page-76

First 76 Last

Share
Profile

Follow
CORNBRED

275 Posts.

209

08/09/23

07:34

Post #: 69778970
Share

Originally posted by Thalamus: ↑

You appear to be correct on those figures. (Learning a bit here). But it looks like, from the chart, that the sulphuric acid concentration may be reduced even further as no drop in efficacy occurred when dropped from 20% to 4% . If it can be dropped to 1% the the cost of the acid drops to $3.50/t. The weathered rock in the top 20 metres, they have stated is easier to grind, ? less than $10/t cost. So you are looking at > $10/t in savings there. Definitely would need those 2 costs reduced.

Of course if more of the breccia zone rock can be found then the value of the ore jumps from $125/kg to $300/kg x the recovery 80% x your payability factor 75% x 0.33kg/t = $59/t minus the big costs of ore crushing <$10/t - acid $3.50/t. The margins here would be very good I would think.

Expand

You make some fair points. Will continue watching this one to see what the next round of drilling unfolds, as you say more of the shallow breccia zone could be interesting..

RDM Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
5 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

OJC

SPC to merge with Original Juice Co and Nature One Dairy

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

There are more pages in this discussion • 14 more messages in this thread...

First 76 Last

Add RDM (ASX) to my watchlist

(20min delay)
Last 11.5¢		Change 0.005(4.55%)		Mkt cap ! $34.46M

Open	High	Low	Value	Volume
11.0¢	11.5¢	11.0¢	$3.092K	26.89K

Buyers (Bids)

No.	Vol.	Price($)
6	256622	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	242875	3

View Market Depth

No.	Vol.	Price($)
6	256622	0.110
6	362596	0.105
15	737514	0.100
1	100000	0.099
1	10000	0.098

Price($)	Vol.	No.
0.115	242875	3
0.120	311866	3
0.125	41666	1
0.130	101284	2
0.135	157518	4

Last trade - 16.10pm 02/10/2024 (20 minute delay)

RDM (ASX) Chart