RDN's Ni asset is currently valued at ~$15 million AUD (call it $30m "if" they discovered "100mt") - see below:
The current value attributed by the market for an exploration stage project is $1.5 - $2 million AUD per 10kt of contained Ni metal in the ground. There are some caveats: grade, scale, depth, mineralogy, jurisdiction, bioproducts, OP / UG, stage of expo etc.
This valuation metric can be verified by looking at the Jaguar Ni deposit for example: It has 2x the grade, 3.4x the scale and 14x contained metal than RDN currently have, and they are valued at $218m MC thats ~$1.8m AUD per 10kt contained Ni metal which sits right in the in the middle of that range.
Also I've been watching RDN since AZS first drilled lithium. So considering the above, without doubt, very high expectations built into RDN share price, so I agree with Jar Jar on this one but that's just my opinion, we'll soon find out who's opinion is right.
You gotta be in it to win it, so hats off to all holders and good luck! see you on assay day!
RDN Price at posting:
3.2¢ Sentiment: None Disclosure: Not Held
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