RIE 33.3% 0.4¢ riedel resources limited

The market cap here is only $30m, cheap. The grades of the...

  1. 145 Posts.
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    The market cap here is only $30m, cheap. The grades of the project are exceptional, 14% Co with limited concentrating at La Profunda. A metallurgist will tell you that with the technology of the day, the in ground grade would have to be exceptionally high in the first place.

    The other standout is the lack of promotion this has had. None of the twitter pumpers can get a piece of it (not yet anyway) due to the low trading volume, which mean they won't be standing on it's throat selling it while they pump their position on twitter. You need to be a fundamentalist to buy in.

    There is exponential exploration upside given the size of the tenure and the fact the that only the outcropping section of the ore body were ever exploited due. Modern exploration technology will reveal more in due course.

    The company has no less that 11 priority targets to hit, this from their last announcement, "Riedel expects to be able to provide the market with a detailed update on these high priority targets in the coming days"
 
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Last
0.4¢
Change
0.001(33.3%)
Mkt cap ! $8.895M
Open High Low Value Volume
0.4¢ 0.4¢ 0.3¢ $15.76K 3.981M

Buyers (Bids)

No. Vol. Price($)
19 11196828 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 3272213 4
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Last trade - 15.19pm 29/03/2024 (20 minute delay) ?
Last
0.4¢
  Change
0.001 ( 33.3 %)
Open High Low Volume
0.3¢ 0.4¢ 0.3¢ 480833
Last updated 11.54am 29/03/2024 ?
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