Pierre, azure is an underground deposit, raiden open pitable
Ie nice n shallow, so economics even though lower grade, not that much different.
Capex would also be much lower being shallower deposit.
I do believe Rdn will increase the grade.
Still 6m EV to 190m is a massive variance here.
If Rdn push the resource to 40m tonnes at 0.7% ni.
6m EV very undervalued in my books.
Im not looking at today's value, but 1 year away.
They tested just 6% and it's open.
Ann: Investor Presentation May 2023, page-18
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Last
2.9¢ |
Change
0.001(3.57%) |
Mkt cap ! $74.76M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.7¢ | $70.80K | 2.530M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 981144 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 769606 | 11 |
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| Last trade - 13.08pm 11/07/2024 (20 minute delay) ? |
| RDN (ASX) Chart |