Yes Shady,
I am now on board again and management seems to have its priorities right. I am converted. I am a true believer and its reassuring to see it will happen quickly. I also like the NS Section in today's presentation which explains the folding and shows why and how the DeGrussa and Monte deposits (at a later date) ended up vertical after being formed horizontally on the sea floor. This , to my knowledge is the first time any of the explorers have explained this adequately. Thank you RNI.
Do you remember the attached map from the TLM Investor Presentation back around March 2012? Its relevant to RNI as it shows the cluster of magnetics on the border near RNI's Ross's Reef Prospect, which along with DeGrussa, Cuba and Salmon, RNI is now showing on a NNW trending deep fault, although I do wonder what the fault interpretation is on. This adds to their prospectivity. Its also generally parallel to the Homer, Monte, Southern Volcanics exploration trend.
The TLM historical map is also significant as it shows what is now unfolding on the TLM tenements with SFR exploring the prospects on the intersection of the Deep NNW trending (possibly deep Archaean) faults and the orthogonal ENE trending overlying (ie later) Proterozoic faults.
View attachment 172381
SFR informed the market of the discovery of a deep " potentially significant (NNW trending) fault" back when it discovered Monte around May last year. Then generally silence. This appears to be the deep NW trending fault that TLM had previously discovered and depicted on their map linking Homer and Monte twelve months before the JV.
I posted an article on the AUZ thread (The Kalgoorlie Connection) which highlights the significance of the NNW trending faults at Kalgoorlie which is relevant to the Doolgoona and Marymia regions which are officially classified as part of the Kalgoorlie Terraine of the Yilgarn Craton.
TLM had done all the hard yards and SFR is now reaping the rewards of their work IMO. If TLM had stuck to their guns and had pursued their Tier 1 Targets, back in 2012, which included Monte. it would now be >1$, IMO of course.
Apologies for the map orientation.
(20min delay)
