Extremely Undervalued.
RDN have only scratched the surface with 6 % of drilling of tenement area . Potentially MT SHOLL could produce up to 150 Mill T of Ni @.6% = 900,000 t Ni. Based on todays figure of Ni trading at $24 k US or $35k AU = $32 Bill AU , that's just Nickel Then add The copper , Gold , Palladium etc . The costs to mine will not be expensive as you alluded its an open pit ,Care to put a figure on what the MC could be ?
So yes , Raiden would have to be One the most undervalued stocks on the ASX. When this takes off , and it will , RDN will be Hot property
Extremely Undervalued. RDN have only scratched the surface with...
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.53M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.3¢ | $27.13K | 1.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 343478 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 2182675 | 10 |
View Market Depth
| Last trade - 15.42pm 16/08/2024 (20 minute delay) ? |
| RDN (ASX) Chart |