STTCOMP RDN FA LONG
SOI: 410m
Cash: $3.7m
EV at 2c listing price: $3.7m
What I like about RDN:
- Many Tier 1 deposits in the vicinity or RDN land holding. Very good nearology play
- The Tethyan belt itself has had major discoveries including +65MOz Au and 8Mt Cu +65MOz Au
- Majors in the area such as Rio tinto
- Has 5 100% owned leases all next to major discoveries
- More acquisitions coming
- Low EV priced cheaper than most shells out there
- Plenty of cash
Based on the above it has multibagger potential with relatively low downside. Just the way I like them
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