I agree $1 is a big ask, given the size of our tenements. We’d need significant underground resource at Andover South or another project to advance like Arrow etc.
However, I do think we could define something similar size as CXO, say around 30MT but at higher grade. CXO market cap is around $800M, so for us that’s around 30 cents or 500% from here. I think that is achievable and a good target from here. When I first bought at 1.2 cents, $100M market cap was my target which has now been achieved.
Having said that, I think RDN will get taken over by the eventual owner of Andover and be part of a lithium super pit. But first, we need to get drilling done.
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Last
2.9¢ |
Change
-0.002(5.00%) |
Mkt cap ! $77.33M |
Open | High | Low | Value | Volume |
3.0¢ | 3.1¢ | 2.7¢ | $884.4K | 31.10M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1478561 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 1746562 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1647132 | 0.028 |
11 | 4202080 | 0.027 |
15 | 4062107 | 0.026 |
16 | 3150402 | 0.025 |
8 | 3259999 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 1746562 | 7 |
0.030 | 1325000 | 4 |
0.031 | 801219 | 6 |
0.032 | 587107 | 4 |
0.033 | 394461 | 4 |
Last trade - 12.47pm 19/06/2024 (20 minute delay) ? |
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