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
2.8¢ |
Change
0.001(3.70%) |
Mkt cap ! $76.12M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.7¢ | $54.96K | 1.966M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 226959 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 2341101 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 243931 | 0.028 |
23 | 4473004 | 0.027 |
26 | 5111347 | 0.026 |
22 | 5107743 | 0.025 |
10 | 3675717 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 2341101 | 7 |
0.030 | 2189236 | 10 |
0.031 | 1344942 | 5 |
0.032 | 337312 | 4 |
0.033 | 1251500 | 5 |
Last trade - 11.45am 16/07/2024 (20 minute delay) ? |
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