RDM 3.03% 16.0¢ red metal limited

Red Metal Banter, page-228

  1. 8,253 Posts.
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    Good quarterly despite the market being dead, decent cash in bank + investment in MMA.

    A few stock price catalysts happening at the moment and all due this month. Sybella REO looks like a project that will pass the initial met benchmark, the market doesn't 'get it' right now, I'm unsure it will when initial met is presented, however, the scale and potential considering location next to Mt Isa is second to none. Then there's the wildcat potential of Nullarbor (currently drilling) which I place as 1/1000 possibility of success, any sniff of metals could be an interesting turn of events considering the size/scale of the anomaly.


    Sybella REO - 2 core holes drilled in December in preparation for phase 2 met work and geophysics were trialled to find the mineralised oxide boundary. This is a very positive sign from management that they believe initial met work will come back positive this month. Will this sh!t small cap market run with it is another question!?

    https://hotcopper.com.au/data/attachments/5918/5918728-95c8c7aa8a1f2e0c82089e8acd1576d8.jpg

    https://hotcopper.com.au/data/attachments/5918/5918725-941fcc88494ecab78c68e1899bacd597.jpg
    https://hotcopper.com.au/data/attachments/5918/5918740-3a6a5ce4acef59620bfe49e4781c69d4.jpg

    Nullarbor Copper, Nickel Niobium - this is 1000/1 shot in my mind and 50/1 finding any mineralisation that isn't just iron sulphides, but it's a free hit at the big leagues.

    https://hotcopper.com.au/data/attachments/5918/5918762-4ec51b8c0761e9f7fa08fe950f61ec16.jpg
    https://hotcopper.com.au/data/attachments/5918/5918778-792d5563c7fc4c3e436ea4a6ec7e2a6f.jpg
    https://hotcopper.com.au/data/attachments/5918/5918803-747e55ec5b2eef5d532a04081cb24876.jpg
 
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