I spoke to ceo on that months ago - the view they have is old...

I spoke to ceo on that months ago - the view they have is old school - put money only in drilling and technical and leave it to investors to price the results

that is generally not the best course - but it does have the merit of being low risk on dilution

my experience has shown me that non tier one projects need to be advocated for - once you have a resource and metrics around which investors can be mobilised

but as an investor I also know there are rare cases where you can take advantage of that - where price is very cheap because a project’s been mothballed for ages when metal prices were bear

and what history shows is silver in particular has a history of price movement that can take marginal projects
to front and centre almost in a way in spite of mgt

so yes rdm tends to speak in geolgic Latin

but ultimately the big discount for Latin and projects capex intensity is why I buy it here

big big valuation discounts vs more thoroughly represented stories will address themselves at a point where metal price rises are so fast they incent full market investigation

but I do agree there are easier stories in silver

but as part of a mix to give big upside potential it’s a great bet st this price even if you assumed float occurs and rdm only holds 50% of maronan

because you’d have silver still exceptionally cheap vs market multiples ie 52c ev/oz vs mkt avg of ~1.40 currently - but also certainty of big funding and project go forward

but it it is as I said prior - silver has to move meaningfully higher to start triggering those momentum dominoes imo