RMR ram resources limited

Ann: Maiden Drilling to Start at West Kimberley Project-RMR.AX, page-24

  1. 1,380 Posts.
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    I'll fill you in guys.

    They are drilling 7 km along strike from BUX's double magic prospect, in what appear to be the same host rocks where the firm has several strong anomalies. The strongest of which is 9000-12000 Siemens. BUX's intersects came from a conductor which ran 15000 Simens but unfortunately was only 15 by 40 meters meaning that even with the nice grades (approximately 2% Ni, 1% Cu) the limited size made it completely uneconomic.

    Now should RMR's interpretation be correct and they get similar grades in something much larger applying a width of 17.5 m (as per BUX) ,a density of 3.7 g/cm2 and the conductor dimensions of 250*350 m as per their announcements a back of the envelope gives you a 5.66 millon tonne orebody running 2% Ni and 1%Cu. off that single conductor.

    That's the appeal of the firm ATM.

    And if they are wrong its probably the last we will hear of them.

    Please DYOR and GLTA
 
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