All Red Metals wants for Christmas is a $25b ore body07.12.2012

If you're looking to make a motza before Christmas you could either go to the races of place a bet on this little Small Cap Under the Radar 2012 Spec of the Year Red Metal (RDM).

My friend Trent Allen of Bell Potter says it has pretty good geological characteristics that give it the potential to be another Cannington Mine - one of BHP's most profitable lead-silver-zinc mines producing about $1.2 billion in cash a year since the 1990s.

Red Metal's mine is virtually next door at 80 kilometres away, near Mount Isa in North Western Queensland.

I don't have a clue about the financials of this thing, but if the stock comes up with a decent cross section in its upcoming drilling results, it could be off to the races.

Of course, often with these companies it is better to travel to arrive. Bell Potter are loading clients into it, so there could be a decent trade in it if the speculative hype gets even hotter.

All I know is: Buyer Beware has never been more true than with this baby.

Richard Hemming

About the Author

Richard Hemming

Investment analyst and Editor of Under the Radar Report

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