WE Reddit Mentions | ChartExchange

Okay folks, listen up because I sense a multi-bagger in this little Australian minerals explorer.
The company is Riedel Resources LTD (ticker is RIE) and it's on the Australian Stock Exchange (ASX). I sense a multi-bagger gonna happen here because there are a few different Trump critical minerals- silver, lead and zinc. Well, so far WE KNOW there's 64,0000z of gold and 689,000oz of silver, but I reckon there's about to be an announcement of MORE.
See, the company has done **21 diamond drills** with **466 core samples due for release in March/April**, and I reckon with that number of sample drills, in that historic gold and silver mine of Arizona, this is going to blast off.
Here, read for yourself: It's Riedel Resources
[https://stockhead.com.au/resources/heres-why-arizonas-a-global-mining-leader-that-has-asx-players-running-in/](https://stockhead.com.au/resources/heres-why-arizonas-a-global-mining-leader-that-has-asx-players-running-in/)
**Why this will POP**
Firstly, the new golden rule of gold mining is that \*The best place to find good gold is underneath old gold mines\*.
The reason for that is that miners didn't go too deep in the past and they would abandon mines if there was a lot of water.
So, this Kingman mine in Arizona was abandoned in WW2.
Secondly, what was once insignificant gold is now profitable gold.
A gram or two of gold per tonne was left by the old gold miners 75 years back is now well worth digging up.
Heck, there are gold miners all across North America now with cut-off grades (that's the minimum amount of gold in a tonne of dirt that is worth digging up and then processing) of 0.3 g/t .
Heck, in Australia it's around 0.7 g/t, but the interesting thing is that *as the price of gold goes higher, the cut-off grades get lower and lower*. Hmm, that says more about the power of gold rising versus wages, though that's a discussion for elsewhere.
Third, well, like I said, 21 drills and 466 sample assays say that it's likely more high-grade gold will be intercepted at Kingman.

**Crazy GOOD returns?**
Well look, last year a little Aus miner/explorer called Dateline Resources, hit a lode in the USA of only 1.7g/t of gold, but it was an enormous mound of it, and that little share went up 9800% .
I don't know that Riedel will hit an enormous lode, but my point is that even a low grade can be extraordinarily profitable, as long as there's enough of it.

Well, I reckon Riedel will begin a mine at Tintic just on Trump's critical minerals as the silver lode is good (689,000oz of silver at Tintic) and add in zinc and lead and yeah, this puppy is going to multi-bag.
There's only 213million shares and they're tightly held. Price at time of writing is 4.2 cents Australian.
**Downside?**
No, they'll mine for the silver/zinc/lead/gold as it's all profitable now. Hmm, the only drag is that there's a backlog on assays being processed across the USA now, as we're in resources boom, and every mining company wants their finds analysed asap. Well, you just have to wait in line for it to be processed.
Now, you're going to have to use webull, e-toro, IG, CMC, Interactive Brokers, Vanguard etc as robinhood doesn't let you buy on the ASX.
And lastly, let me say that I don't recommend bagholder plays. I told you some 6 different times last year about New Murchison Gold- I turned a $50K investment there into a quarter million dollars.
This has potential. Don't mortgage your house on it- just dip your toe in.
Ha ha, the abandoned Kingman mine is 90 miles from Vegas, so think of it as a strategic bet ;)

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