RDM 3.33% 15.5¢ red metal limited

The surety around Sybella going ahead is all that we are waiting...

  1. 1,162 Posts.
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    The surety around Sybella going ahead is all that we are waiting for. In the meantime not much else matters. Leach tests, impurity extraction and drill and assay results heading to the preliminary economic model will be good indicators. These will likely lead to a scoping study, PFS and Feasibility Study, with each step adding to that assurance. When the company states it thinks we have a tier 1 asset, that's the pointer as to what to expect. I tend to agree with kisling1 that most who take a profit now will be buying in at a higher price (or will simply regret selling) for although many companies shoot up on some exploration results, only to languish, that's not what to expect to happen to a tier 1 asset that has great profitability. As the news comes in, this could move quickly because the company can reasonably be expected to advance the project within a fairly short timeframe judging from the ease of mining, ease of extraction and therefore design and build of required infrastructure, and the proximity to all that is needed. Many things appear to have stacked up nicely.
 
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Last trade - 15.32pm 28/06/2024 (20 minute delay) ?
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