It is so silly when Non-Holders tell us the company is R.S.One...

It is so silly when Non-Holders tell us the company is R.S.
One can do the numbers quite easily using the current and aimed for production rates and multiplying by the Cu price.
Simply put, they are in production. Assuming they can do more than 4 T per day they are Cash Flow Positive.
The raising is to give them capital to keep progressing the next projects. That is the critical part for these small companies.
i.e. can they sustain themselves until they can scale their business.
We really won't know the answer to that until some way down the track.
Variables are (among others) value AUD vs USD / price of Cu / rate of production eventually achieved and finally can R3D expand the income stream from Toll Tx of other people's ore and getting another project up and running.
Re the 10c asset backing....sure if company folds we get nothing. If s.p does not reach the net asset backing and assuming their assets are truly worth something then R3D is a sitting duck for take-over...at , around or slightly above asset value.
Risky investment...absolutely..potentially good opportunity....absolutely.
BTW..why would anyone pay $0.05 for the rights when the market is in the 4c range?