re: playing with fire again like tech... RDM's Presentation was...

re: playing with fire again like tech... RDM's Presentation was good.
They have a PACE Funded hole for Uranium around Lake Frome.
(PACE only funds companies with some real potential)
They have an Excellent IOCG Target at Pernatty Lagoon.
In fact they have some excellent targets all over Australia.

Their drilling program this year is massive.
They have $9M in cash and are capitalised at only $25M
Unlike many juniors they have not been making noise about Uranium. They have just been quietly doing the geophysics and drilling.

They are very frugal with their money.

Josh Pitt (Director and Second Largest shareholder of Compass Resources)
and Rob Rutherford are excellent Geologists.
These guys really know what they are doing.

Like all Junior Explorers they are high risk.

With Red Metal your downside risk is protected by the $9M in cash, and the Huge JV with BHP at Mt ISA,
Their mineral sands leases are also right next door to Iluka.
So many things to like about this company other than Uranium.

In summary
High Risk, but downside well protected.
Has not yet had the Uranium Premium built in.
Excellent Management, and Geologists.

If you follow Josh Pitt around you normally end up making money.

If they get recognised as a Uranium Explorer, expect their share price to go much higher.

Good value Uranium Explorer with low downside risk