RUM 8.70% 2.5¢ rum jungle resources ltd

resource estimate has exceeded expectations , page-14

  1. 2,774 Posts.
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    TheKatt, the resource upgrade is not factored in.

    We had a substantial upgrade at Karinga lakes at the time of the announcement the stock was trading at 13c (reached a high of 14 during the day).

    We now have doubled Ammaroo, with additional drilling to come in between Barrow Creek 1 and Aragarna along with further drilling resource potential towards the rail line (west of Barrow). Still we sit at 13c...

    A combination of Acorn exiting their position and traders (today) taking easy 15-20% profits clearly has held up the price.

    Make no mistake this is a world class deposit. If anyone knows of a stock with better potential than RUM please let me know, because I will sell my Kidney and load up.
 
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Currently unlisted public company.

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