RIE: The Quiet Achiever - Compelling drill targets to be drilled, page-4

Hi guys, if even just one pipe produces a similar grade to what La Profunda produced, then we're onto something. If more than one does then who knows. I think RIE is potentially one of the highest grade cobalt stocks on the ASX today, if not then top quartile, they just don't brag about it like the rest. What we need is tonnes. If the tonnes come, we're a stones throw from the soon to be booming European EV hub in an area with significant mining infrastructure. The below is from a previous thread some time ago.

Just a thought, La Profunda has produced 100k tonnes ore which is concentrated down to 38k tonnes. 20k tonnes of concentrate graded 14% cobalt and 6% copper (forgetting nickel for now) and 18k tonnes graded 4% cobalt and 20% copper. If you assume (and it's probably a big assumption) and weight the 100k tonnes of mined ore according to concentrate produced, then you get 52.6k tonnes of mined ore concentrated to 14% cobalt and 6% copper and 47.4k tonnes of mined ore concentrated to 4% cobalt and 20% copper. The weighted grades across the two concentrates become 9.26% cobalt and 12.63% copper. A weighted 38k tonnes of concentrate from 100k of ore, does this mean they were mining an ore body grading 3.52% cobalt and 4.8% copper in the early 1900's? Even it's its 50% wrong, it's still 1.76% cobalt, 2.4% copper.

That is the mean grade for the ore-body (in this case a high grade pipe) not a single high grade drill hole that the company is using to promote. Remember empty vessels make the most noise, these guys make no noise while they accumulate and do real work. Bring on the drilling.

Cheers