Good news, page-4

Well I presume the stock went on a run today due to perceived high Cobalt grades ?... it seems that mgmt have reported the grade "after" concentration in BOLD and did not emphasize the raw grade out of the ground so much.

...the RIE raw avg grade for Cobalt is 0.9%, Copper 2% , Ni 0.9% which is OK but not spectacular by any means and yet the share price closed up 140% !

Compared RIE to say :-

• EUC - Zemburg with avg raw grade 4% Co. in Slovakia
• CLY - Nockelberg with avg raw grade 3-6% Co (Individual samples to 15.7% Co) in Austria.
• CHK - Mt Cobalt with historic avg raw grade 3% Co (16-18% Co individual samples ) in Qld.

So RIE 100 G/t Au on the other hand may be... but detail is thin on this. I expect that once realisation of the nature of the relatively ordinary avg grades (non concentrated) of the in red above sets in law of the gravity will prevail in RIE share price.