RIE 0.00% 0.2¢ riedel resources limited

$400 million in value from single ‘ore’ pipe - 95% area still to be tested

  1. 845 Posts.
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    This company could be about to play massive catchup with some of the other ASX listed cobalt plays. RIE mkt cap is about $25m vs EUC $170m.

    Huge value coming from only one high grade ‘pipe’, what if the 11 targets they mention are the same? - we are talking billions of dollars.

    They say still have majority of tenement area to test - only 5% has been looked at to date by JV partner.

    Going to be an interesting times ahead for these guys.
 
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