FY2025. Try googling it...it typically means in the financial year which would mean by 30th June. I wish people would specify but in RDM's case they are using it as full year. Maybe we should use FY for financial year and CY for calendar year. I say it because in the case of MMA they say the scoping study will be out in Q4 which I took to mean by 30th June. Obviously a study of this nature has the potential to significantly impact on RDM. I'm now of the opinion that MMA will be the catalyst for the first major jump in the RDM S.P. The starter zone for MMA is 90m below surface, it has 1/3 of the resource which if you value it at today's prices comes to around $20 billion, making for a $6.6 billion starter zone. I also note they are talking about the under-utilized milling capacity at Cloncurry (65k away) and Mt Isa (120km away). The up front capital costs under these scenarios might not be that great, and the time to mining could be pretty short.
RDM Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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