RIM 0.00% 5.8¢ rimfire pacific mining limited

you want you pay, page-17

  1. 163 Posts.
    Hi Halo,
    Footnote 2 on appendix 2 af the report 10th October.
    Also suggest that the MD whilst indicating an RC rig is engaged there is no comment as to date when the RIG arrives and when deeper drilling will commence. There is no specific indication of what coordinates they intend to drill.
    More disturbing is the mention of "we will start to get a feel for the IP response". The lack of intent to drill into the known IP chargeable anomalies from an exploration standpoint is questionable.
    The Company has had IP results for several months with clear IP response of chargeable anomalies at some depth. The IP response is indicative of sulphide mineralisation or graphitic shale. Any explorer with clear intent would drill these anomalies immediately they had a suitable rig available to test the mineralisation.
    If I was holding this share I would be asking the MD some far more pointed questions. Holes 210 and 211 are insignificant in assayed returns. The holders are expecting holes 213-216 in this series to be similar in grade to hole 212.
    I suggested that Rimfire should have an XRF field analyser on site as this scanner costs around 50k and percussion chips are scanned as they are extracted. If the Company does not have an XRF on site one could ask why haven't they invested in one. Whilst not a certified analysis they do provide very good onsite indication as to content from cores and percussion chips.
    They are all questions any holder is entitled to ask as an investor.
    Cheers
    JP
 
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