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
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Cheers, Slammer. I enjoyed this comment on page 3 of the report:...
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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($) | Vol. | No. |
---|---|---|
11.5¢ | 356781 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 28022 | 0.110 |
6 | 342766 | 0.105 |
11 | 497740 | 0.100 |
1 | 100000 | 0.099 |
2 | 35000 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 356781 | 2 |
0.120 | 145200 | 2 |
0.125 | 41666 | 1 |
0.130 | 11284 | 1 |
0.135 | 157518 | 4 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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