I think Canada has some obvious huge pegmatite swarms as well. However, they are still held back by all sorts of red tape issues not known here, which have bogged a lot of their great resources down.
It’s therefore difficult to compare the two jurisdictions and hence market caps and SP expectations. Also dealing with another stock exchange which does not align necessarily with the ASX.
What’s baked into each stock’s price you ask?
Tier (jurisdiction/red tape/resource)
SOI
Gina factor
Lithium commodity pricing
Resource size / grade / nearology
Resource accessibility
Ownership percentage
China interference / partnership issues
On discovery, possible offtake discussions
So many influencing factors at play.
What is for sure is that if RDN finds a tier 1 world standard top 10 resource or close to it, you would want to ensure you had your appropriate shares quantity already bagged because the train will become an express! IMO
GLTAH. Maybe something tasty this week?
I think Canada has some obvious huge pegmatite swarms as well....
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Last
4.4¢ |
Change
0.001(2.33%) |
Mkt cap ! $123.0M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.2¢ | $301.0K | 7.013M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 3507319 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 1781680 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RDN (ASX) Chart |