Cheers, Slammer.
I enjoyed this comment on page 3 of the report: "The value of such a 25mt high grade Pb-Ag discovery would likely see an in ground value in excess of $10bn at current metal prices".
Using Wozza's previously stated 5% in-situ valuation, that would give the project a value of $500 million if they were to flog it off. A market cap of that amount (incl the add 30M shares from the recent placement) would give RDM a SP of $2.86 or a 14-bagger from today's SP. Granted, a long way to go and there are no guarantees, but the multi-bag potential of this project should be self-evident to those prepared to take a punt on finding the next big high value deposit. Great to see that the placement was oversubscribed with strong insto support.
A good weekend to all.
Deme
Analysts Report on RDM, page-2
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
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¢ | $41.92K | 380.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 128022 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 356781 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RDM (ASX) Chart |