Right, so AZS deposit current valuation approximately 1 billion.
Hypothetical base case scenario IF RDN drill into thick mineralisation, discovering a deposit half the size of AZS.
The above scenario has the potential to transform RDN valuation from the current 100 million market cap to approximately 500 million market cap, with additional upside potential coming from improved sentiment in the lithium sector.
should the drill bit disappoint and not intersect mineralisation of any substance, well it’s likely market cap falls back too 30 million.
Risk reward play here at its best
RDN Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
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