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17.5¢ red metal limited

Red Metal Banter, page-160

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masanga

704 Posts.

125

13/01/24

16:30

Post #: 71864866
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Originally posted by Seth Davis: ↑

Winu is huge mate, let me lay down the numbers...

Winu has a resource of 600Mt @ 0.5% CuEq = 3Mt CuEq or $4Bn IGV.

Capex for Winu will be big, plant will need to be 15-20Mtpa and there's 100m of overburden to clear. That said, Winu is in a T1 location and mine life likely 30yrs so once initial capex is cleared it'll be very profitable long term.

Do you know depth to target for these RDM/BHP anomalies? One thing I've noticed with the controling structure that hosts Telfer, Havieron and Winu is that the deposits are tending to be closer to surface heading north, and these targets are 50kms along from Winu so hoping that mineralisation is closer to surface as the trend indicates. Haven't done enough research but will dive into it considering the cash/asset position of RDM is currently $0.09 ;-)

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Im tipping your disclosure will soon be held.

RDM Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Last 17.5¢		Change -0.005(2.78%)		Mkt cap ! $52.38M

Open	High	Low	Value	Volume
18.5¢	18.5¢	17.0¢	$71.51K	404.2K

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
3	159867	0.170
2	34533	0.165
1	184500	0.160
6	159655	0.155
8	100326	0.150

Price($)	Vol.	No.
0.175	72497	2
0.180	8155	1
0.185	141165	4
0.190	92473	3
0.195	105641	5

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Last 17.0¢			Change -0.005 ( 8.11 %)
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