RDM 4.35% 11.0¢ red metal limited

Ann: Share Placement to Fund Drilling at Lawn Hill, page-54

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  1. 2,092 Posts.
    lightbulb Created with Sketch. 103
    Enjoy reading your posts on the RDM Thread Cash Hound and you have been a long term poster rate the loyalty to a stock hard to find in this market.

    I think your question is more of risk management

    1) If they get the hits and the grade - we are off to 70 cents to $1 - maybe more. It's big elephant country we are drilling - two of the worlds largest zinc mines that just spat out cash for 20 years - NPV that little scenario - we are really looking at something which at the sametime you may argue as dreaming tell the NCZ shareholders that. Next door to us and 25 cents to $1.50 in 4 months.

    2) They hit and get average grades - 50 cents to 70 cents. Still a 3 bagger

    If they don't hit - what's the damage - 2 or 3 cents of downside and then off to a target near Olympic Dam

    Drilling next to the worlds largest mine?

    Sun has to shine some days
 
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11.0¢ 11.3¢ 11.0¢ $53.00K 480.7K

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14 932747 11.0¢
 

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