Atomic We better not quote you as we would be very wrong . BDR...

Atomic
We better not quote you as we would be very wrong . BDR reserve is just over 1 million .
But the differences are one ( rms ) is cash backed to the tune of 60% of the current share price with a margin of 450 dollars aud per announce ( with some hedging )
The other (bdr) will achieve a margin of 290-370 usd IF they hit the prod and costs targets , have to use this margin to pay down debt .
If you look at the reserves the Market cap per reserve is about the same, but the EV per reserve OZ puts RMS miles ahead as theirs is about 100 dollars per oz whereas BDRs is more than double that . Having reserves or resources is irrelevant - being able to produce them profitably is very relevant
Naturally RMS having more than half the market value in cash also provides downside protection