RDS 0.00% 0.4¢ redstone resources limited

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  1. 1,402 Posts.
    Well, hard to predict sp. And am limited to what i know, and what I can say, but my understanding is,firstly, they have considerable interest from overseas and also its no secret that they are in discussions with BHP. Secondly, they confident they have a resource in copper bigger than a current market darling (in copper) although not so quite a high grade, a bigger tonnage and resource. Their in ground value per share before costs is huge, but it has to be confirmed from drilling which takes time, and lets face it, rds communication and releases are not really earth shattering stuff. SP ran up to mid 60's a few months back, and i think it could dwarf that.
 
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