RMG 0.00% 0.7¢ rmg limited

rock chip samples, page-3

  1. 2,984 Posts.
    Rawk their rock chips are indicative but certainly not definitive. It certainly means that drilling is a worth while exercise at that particular location and that the amount of drilling will be dependant upon initial drilling samples. Drilling is a hugely expensive exercise & is not undertaken lightly. that said, the extent & quality of the rock chip samples (& we aren't talking pebbles here) seemed very encouraging. My belief is that management have a pretty good handle on the zinc resource & that this in itself will ensure successful exploitation - be that by mining or by flicking to Century, but that copper is the unknown icing o the cake. In addition, that 32% sample is a phenomenally high reading & I certainly wouldn't take that as a true representation (as much as I'd like to) of the copper resource over our tenement, but I'd be pretty sure it will be significant & commercially viable. As to why are we sitting at .004c (less than half a cent), my guess is that there a plenty of prospective resource plays out there to select from & that in this economic climate even 'main stream' companies with capital, infrastructure, proven economic resource are doing it tough. As but one example, Aquila Resources is around $2.75, every year for the past 6 that I've been in it they have issued 10% of each holders parcel as a year end bonus, was trading well above $10 'back in the day' have more coal & Fe than you can poke a stick at yet its share price languishes. If they can't be flavour of the month with investors, what chance RMG?
 
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