Current Market Cap vs. Potential:
At a market cap of AUD 45 million, Raiden Resources would appear to be undervalued if we consider their entire portfolio, including the lithium potential at Andover South, the defined resources at Mt Sholl, and the exploration potential in Serbia and Bulgaria. -
Even without considering the lithium tenement, the company's market cap at AUD 45 million seems low compared to the potential of their other projects, especially Mt Sholl, which has a defined resource in critical minerals. The market cap range I suggested earlier for Raiden without the lithium component was AUD 50-100 million, and they're currently below this range.
Including the lithium potential, especially given the current market interest in lithium due to its role in batteries and electric vehicles, Raiden's market cap at AUD 45 million undervalues the company significantly. The proximity to Azure's successful Andover lithium find alone should command a higher valuation if there's optimism about similar discoveries.-
Therefore, at AUD 45 million, Raiden Resources would indeed appear undervalued, especially when you factor in the potential of their lithium project alongside their other assets. However, this assessment is based on current exploration results and the speculative nature of their portfolio's potential. Realizing this value would depend on further exploration success, market conditions, and the company's ability to manage exploration risks.
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