company update, page-16

This posted on another thread. Thought Id put it here as I'm interested in comments.

Not a detailed analysis here, jsut thoughts.

Todays announcement says nothing, other than to suggest that much more drilling is required to get any real idea of what they have, and they are desperately doing to.

Why the rush?

It can sound hopeful but you can have an alternative interperation... For a better idea of a feasability analysis and estimate reports, take a look at some of the other miner reports. If nothing else, the data provided by AIM seems to lack detail and quality, as has been suggested in the press lateley.

Looking at the current results for Rockwell, the high grade stuff (+4%) is deep, at 200+m if I recall. I suspect that this is expensive to extract. The shallower stuff that may be profitable is what you generally find in the region at about 1-2%).

But, like many other miners in the region report, the area seems to be relatively under explored amazingly enough. Interstingly, others have found large deposits of high grade stuff (not gonna add to speculation, do your own research), but have not seen their prices soar insanely. I'm also personally sceptical about the value been given to this company, given their capbility and capacity, but personally hopeful. Really hope something big comes out and prices go where the stockbrokers (who turn out to own stock in AUM) say it will, cause I want to try and recover my some money after losing my head yesterday. Lucky it wasn't much... I'm also interested as to why bigger players aren;t onto this if it is so good. The volumes of the transactions that resulted in the speculative peak are small.

Wait and see...
Lessons learned from Rocky I to Rocky IV.

Not a professional.
Not a professional opinion.
Red stuff below applies.