Using SFR as a guide which has $5bn in ground value and a market cap of $1.2bn - 25% of in ground value.
IF RDM discover 10mt of 16% lead equivalent giving an igv of $3.5bn - 25% gives a mc of $875m or $6/share
Note: I understand that Cannington is 10 -15 times larger than SFR and that these types of deposits can be 100-150mt
Using SFR as a guide which has $5bn in ground value and a market...
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