Currently, Raiden Resources (ASX: RDN) has a market capitalization of approximately AUD 10.8 million. Its share price fluctuates between AUD 0.022 and AUD 0.028, depending on exploration progress and results, such as those from the Mt Sholl Nickel-Copper-PGE Project. Positive outcomes from its drilling operations could see its price spike significantly due to market interest in green energy metals【32†source】【33†source】.For comparison, Askari Metals (ASX: AZS) has a higher market cap, approximately AUD 44.4 million, reflecting its broader and more developed portfolio of exploration projects, including those focusing on lithium【32†source】.If Raiden delivers exceptional drilling results, it could experience a similar upward trajectory to Askari Metals. Hypothetically, should RDN match AZS's market cap of AUD 44.4 million, the implied share price of RDN could rise to approximately AUD 0.088, assuming no change in shares outstanding. However, this is speculative and highly contingent on favorable project developments and market conditions.Let me know if you want further details on any specific factor affecting these companies!
RDN Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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