RDM
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3.70% 14.0¢ red metal limited

Excluding MMA figures: RDM cash $3.17m, RDM burn approx. $860k...

  1. Big Poppa Pump
    270 Posts.
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    30/04/24
    11:08
    Post #: 73578508
    Excluding MMA figures: RDM cash $3.17m, RDM burn approx. $860k excluding 53% of MMA's burn, so cash runway looks strong at 3.7 quarters.

    Drilling appears systematic with potential to have 8 km in length of REO mineralised granite confirmed after this program. They may have to consolidate the Donkey Dam and Boundary Fence nomenclature if drilling shows the 4 km spaced drilling between these two are just two points in the same continuous ore body! Might just be Sybella East and West?

    https://hotcopper.com.au/data/attachments/6135/6135327-41a3c67c3149c66fecc6539bf949aadd.jpg
    RDM Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 13  Upvote
    lightbulb Created with Sketch.  Great analysis
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