“Not trying to cross promote” but you are. CRR and RDT are completely different locations and their geology’s are completely different too .
You can’t compare Australia to Canada etc . I personally think RDT talk should stay on the RDT page and it is cross promoting when someone has held CRR , sold it and clearly Brought RDT.
Is RDT undervalued? Most asx lit stocks are, If CRR comes out with a MRE and the resource geo gives upgrade estimates ( which they do ) we could start with ( hopefully ) 7-10mt resource and have that doubled in 12-20 months. At a conservative 20m per MT that’s over 200m Mc and an easy 3 bag from here . So people don’t listen to these comparisons , Crr has so much to go and can hit a much higher Mc. That’s logic and not just opinion .
Another thing to point out is the capex and opex is not the same with any company too. Production is about profit and that’s the job of the SS , PFS , DFS . CRR is bang right next to Dryden and Canada’s becoming the place to be . Personally I want to be in Canada and don’t want to buy in Australia.
There are many great stocks on the ASX to invest in and people will make their own decisions . Good projects cost money, so yes we will have to pay ESS for our MRE, but I personally don’t think it’s over 10MT and I have read the conditions 20 times , it doesn’t actually state when we have to pay it , only that we have to pay 1.5m.
Since you bring up RDT , a 20,000 drill program costs roughly 6 million. They are burning through cash like no tomorrow . With these projects all that matters in the end, is strip ratio and no one knows that yet and they can do a lot in 3 years . With Mavis having only drilled such a small area who knows what can happen.
Let’s keep RDT page for RDT talk , CRR page for CRR talk. Also I apologise, I was meaning we are only the 2nd stock with a MRE that’s asx listed in Ontario . Good luck to you and your investment. Many to be made and both are undervalued
CRR Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
(20min delay)