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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2.9¢ |
Change
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Mkt cap ! $77.33M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.1¢ | 2.7¢ | $883.9K | 31.08M |
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| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1322132 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 1106562 | 6 |
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