Two main variables come into play:
-deposit size and quality
-price of lithium picking up
The rdn AS tenement look small relative to azs, but if the feeder zone lies underneath, not a large area is needed to initially define 70mt which is my conservative target so as not to set myself for disappointment, 50-70mt. It can be increased later. 70mt is the size of sigma which was at $6b mcap at one point, and usd3.2b or aud5b now.
if rdn drills are good, id expect rdn to be taken over, it will become a hot target to consolidate Andover for whoever will eventually own azs. It might actually happen earlier than many think which is not good as it cannot reach its maximum share price potential relative to peers in Pilbara
RDN Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)