I agree $1 is a big ask, given the size of our tenements. We’d need significant underground resource at Andover South or another project to advance like Arrow etc.
However, I do think we could define something similar size as CXO, say around 30MT but at higher grade. CXO market cap is around $800M, so for us that’s around 30 cents or 500% from here. I think that is achievable and a good target from here. When I first bought at 1.2 cents, $100M market cap was my target which has now been achieved.
Having said that, I think RDN will get taken over by the eventual owner of Andover and be part of a lithium super pit. But first, we need to get drilling done.
Daily Discussion, page-2628
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Last
2.8¢ |
Change
0.001(3.70%) |
Mkt cap ! $76.12M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.7¢ | $77.1K | 2.756M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 3837375 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 796207 | 5 |
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| RDN (ASX) Chart |