1. Most Discussed
  2. Gainers & Losers
RDM 12.0¢

some info......

  1. Trifke

    233 Posts.
    1
    I thought I'd post some information that Rob has given me.....I asked about whats next for RDM after the recent results....

    These flat spots in the market are good times to add value to projects by doing the necessary detailed desk-top studies. We are currently interpreting all the new data from the northern fold structure with the existing data to the south to better assess the total tonnage and grade potential. This should outline where the best exploration opportunities lie and what sort of tonnage per vertical meter we could hope to extract from the known mineralisation. From this we should be able to better assess the broad economic potential of the shallower mineralisation.

    Deeper exploration potential still exists for good tonnages and higher grades at depth below the northern fold structure, north and below MRN14004, as well as below the southern limbs but these deep holes are expensive. If the market has not improved once our assessment of the shallow potential is complete we will look at alternative funding sources to complete the deep drill tests.

    In parallel, Red Metal aims to drill some shallow high-grade gold targets at Tennant Creek and bring forward another analogous Cannington target at Mount Skipper.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.