ROS 0.00% 35.0¢ red october resources limited

NaniIts too late once they announce the JORC resource...

  1. 1,091 Posts.
    Nani

    Its too late once they announce the JORC resource estimates.

    A couple of days ago we (i.e. everyone posting on the ROS forum) was speculating about the potential of a large (approx 1m +) deposit of Copper based on some information that was dug up on Russian estimates.

    The play/trade/investment (what ever you want to call it) was to buy ROS based on this 1m+ tonne deposit when everyone else (the wider market) didnt know how much copper was in the ground, thus creating the potential for huge upside.

    This play/trade/investment has been muddied because there is now debate on wheather it is 200, 600 or 1m tonnes.

    That was the inital opportunity.



    The whole CR and potential silver acquisition is a whole-nother story and could create the potential for a spike in the SP in its own right, we will just have to wait and see.

    This is the second opportunity and we will not know what one has more potential unlike after the fact.

    Good luck to all holders
 
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