I'm afraid that 300/1 is just reality.
Geophysical and geochemist anomalies get drilled all the time in Australia, day in and day out by dozens of drilling companies. Occasionally one hits pay dirt, and if the lease owner is a small company on the ASX (like RDM) their SP goes ip 10 times.
There's a saying in the mining industry that "there's nothing like a drill-hole to spoil a perfectly good anomaly".
RDM typically drill about 6 targets / year.
Ann: Mount Skipper Drilling Update, page-24
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RDM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $47.92M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 16.0¢ | $17.75K | 109.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 78908 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 169099 | 3 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| RDM (ASX) Chart |