@Bear77 have you ever looked over the fence at RHI? (I say over the fence as I think you own most of the tenements that surround where these guy's operate...lol)

On a more serious note though, I must admit I'm liking their model, locations and balance sheet which is why I opened up a smallish position in RL to keep a closer eye on them.

52 week high at $6.80 today (19 Apr). FOMO has finally arrived

MinRes making Onslow their flagship project with the progress video right at the beginning of the FY24 presentation.

Has been good for Red Hill, not so good for Develop. Unfortunately I hold less RHI than DVP so this has not been a perfect "hedge". Because I think Red Hill is "boring" even though "boring" can sometimes be "good".

And Joshua Pitt track record has been average till now (marketindex). I guess the saying "Every dog will have its day" applies here?

A few bits of info to take away for more valuation into the research as again I think I've undervalued this somewhat (see previous straw on Financials)

Stage 1 is 35 mtpa. How long to wait till Stage 2? How big will be Stage 2? 50mtpa? 75mtpa?

Map of the JV. Have to verify if there is more than just Red Hill in this royalty. Obviously more upside if there is.

[held DVP and RHI]

Giving the Iron ore majors (and the Iron ore price) a run for their money

Popped 10% today from 5.25 to 5.75 possibly on the back of recent updates on the Onslow project from Minires.

Markets obviously factoring high prob of $1.20 dividend (see previous straw).

I also added CZR here since the company is in discussions on joint development of infrastructure for the Pannawonica (RHI) and Robe Mesa Project (CZR) which will obviously benefit both parties.

CZR is top performer so far as they are currently in discussions to sell their interest in Robe Mesa Project for $102 million to Miracle Iron resources (subsidiary of Shenzhen Naao Jiangian Invest Co (SNIC))

Such a development would probably benefit RHI as well if this goes as planned although the market is still divided on the probability of this being successful and hence coming off recent highs

Very illiquid though so buyer beware (and why not added in Strawman as it is too difficult to trade)

[held RHI]

Despite the negative news on iron ore and lack of success on exploration, RHI is still going up. Hit 52 week high

Just checked the queue and nothing on sale

Still doing my sums on those payments but I think some smart guys has already beaten me to it :(

Maybe just pull the trigger and push it to $5?

Edit:Very keen buyers at 5+

Also announced gold drill results.