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13.5¢ red metal limited

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Thalamus

580 Posts.

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09/02/24

10:04

Post #: 72318611
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Originally posted by Big Poppa Pump: ↑

Agree with your assessment. My aim here is to put Sybella on the same price assumptions as the project studies I am comparing to, IXR just happened to use high price assumptions in their DFS. My thinking is a long term price of NdPr around $100-120 USD/kg, at this price point nearly all Western REE projects in development won't come online without government support (too much CAPEX, IRR<20%), with only the lowest quartile companies like MEI (and RDM) getting over the funding hurdle. Anything long term at $150 USD/kg and higher and there is a host of REE hopefuls that come into play (ARU, HAS, ASM, PEK, IXR, TSX:ARA) which will bring more supply and correct the price.

I am eagerly awaiting MEI's upcoming scoping study with Ausenco so that I can do a head to head. I am predicting their input price assumption will be in line with peers at NdPr $120-150 USD/kg, anything lower and the IRR and NPV doesn't support their $400m market cap IMO.

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Look forward to your expert analysis as always

RDM Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 13.5¢		Change 0.000(0.00%)		Mkt cap ! $40.43M

Open	High	Low	Value	Volume
13.5¢	14.0¢	13.0¢	$78.06K	585.5K

Buyers (Bids)

No.	Vol.	Price($)
2	28873	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	10000	1

View Market Depth

No.	Vol.	Price($)
2	28873	0.135
2	100845	0.130
4	70007	0.125
1	50000	0.120
1	8500	0.115

Price($)	Vol.	No.
0.140	10000	1
0.150	37037	1
0.160	197500	3
0.165	35577	2
0.170	32258	1

Last trade - 15.17pm 18/06/2024 (20 minute delay)

RDM (ASX) Chart

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