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0.2¢ riedel resources limited

Ann: Fast Track of Exploration at Carmenes Project in Spain, page-6

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balilow

845 Posts.

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14/11/17

17:17

Post #: 28784249
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Originally posted by mutts ↑

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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Riedel is flying under the radar.
An update on priority targets with current work on the ground using modern testing techniques might help.

RIE Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $4.447M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

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No.	Vol.	Price($)
31	53671861	0.1¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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Price($)	Vol.	No.
0.002	13052807	12
0.003	7410426	3
0.004	10921777	7
0.005	5575000	5
0.006	3448265	5

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