RUM 8.70% 2.5¢ rum jungle resources ltd

The more I look into it Wasa, the more I believe that we are...

  1. 1,129 Posts.
    The more I look into it Wasa, the more I believe that we are sitting on a good thing here.

    If a JORC compliant resource of 100mt is achieved, and they produce 2mt pa that would give a mine life of approx 50 years (I assume).
    A greater mine life will hopefully mean that they receive some serious interest from some serious people.

    With a number of overseas visitors expected to vist the site over the coming weeks i'm sure the SP will move as the interest increases.

    From the annoucement it appears that further drilling from the current drill grid could also provide even great results as well (The high grade stuff).

    Once a JORC compliant resource is established I believe funding from investors, banks etc will be a lot easier to achieve and will lead the way to set up production.

    Of course there is always that hope with such a large resource that maybe BHP or the likes might want to set themselves up as well (wishful thinking, but it does have merrit).
 
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