Vertigo, Good short summary... Why obtain full ownership of ROD...

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mattyedw

2,649 Posts.

187

03/07/18

20:52

Post #: 34117386
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Originally posted by vertigo ↑

That grade is not going to cut it, even though it is easily accessible. This was always a 50/50 shot for this particular reef and now that is down to probably 20/80. It was a good option for a ST target IMO.

The sellers were obviously easily spooked as there is plenty on the horizon

"o A drilling program is underway on the highly prospective Maxwell Zone on Level 7
o Additional drilling planned to test the higher grade Northern part of the Stacpoole
Zone
o Additional processing is underway of stockpiled material from various old
workings, including from the Maxwell zone and other prospective development
areas
o Preparation for processing of the Rose of Denmark material currently being mined."

I am most excited about the fact that they are due to process material RoD, which you can pretty much bet is profitable as they have drilling data to target areas.

Get em while they are cheap IMO.

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Vertigo,

Good short summary...

Why obtain full ownership of ROD if it were a dud.?

Its not, it has given near BONANZA grades and if it comes out of the plant any where near to BONANZA GRADES this will multiply x fold...Just because the first phase didn't pan out they planned for the second phase being successful and it will be...

Capital Raising first to inners....then the results will come a plenty....

Im in and you should be......

Good luck to all

AUL Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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Vertigo, Good short summary... Why obtain full ownership of ROD...

Top Stories

Cyclone signs MOU with Vale for development of Iron Bear play

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Recce scores $6.75M R&D rebate