RIE 0.00% 0.2¢ riedel resources limited

Ann: IP survey expands gold prospectivity at Dixon, page-4

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  1. 10,010 Posts.
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    Wow...highest volume in a long time for RIE!

    After this mornings announcement some are obviously realising how much value is in the stock.

    Near $1m cash. 50% of the JV with AUZ and free carried plus all the rest of it!

    The Company has a mixture of advanced and early stage prospects, including:
     Marymia – (copper, gold, nickel and base metals) Australian Mines earning up to 80% by project expenditure of up to $3.3M;
     Charteris Creek –
    (copper, molybdenum, gold and base metals) FMGR earning up to 80% by project expenditure of up to $1.0M;
     Millrose (gold - iInferred Resources of 4.0Mt @ 2.4g/t Au for 309,000 oz).

    You might have to wait a month but I really do see RIE being 2c when AUZ come to drill at Dixon again. Even though I have a heap more AUZ, RIE is actually a better entry to the upcoming drill campaign at this time imo. dyor
 
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