Would be an incredible feat to successfully spin-off Barrambie in one IPO and Meekatharra in another. Sounds like RDR is fast becoming another Metallica Resources (MLM) which has been undervalued for years. I'm happy for RDR to continue along this path although a business model more like Altura Mining (AJM) would better (AJM has its own drilling and mining services division which provides important cashflow).
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