youngneil. For RVM drilling is at least 1 year or 18 months. Price usually falls a lot during such unexciting poeriods
Reading from prospectus "Proposed Work Programme for Years 1 & 2. Geophysical surveys including airborne magnetic-radiometric and ground gravity surveys will be undertaken. This data will allow a detailed structural interpretation and assist in future planning and identifying drilling targets. Infill maglag sampling involving Stage 2 infill and Stage 3 close-spaced sampling is planned at numerous prospects. Drilling programs using RAB, AC, RC and diamond drilling will be undertaken in staged programs where necessary."
Rock sampling so far means nothing.
PEK on the other hand have 5 or so different projects Doolgunna at Peak - drilling about to start. Just got permit. Drilling will be pursued for at least 6 months at Doolgunna alone. Price usually jumps a lot during such periods. Doolgunna has traps and folds (very prospective that all adjacent tenament holders (who have been succesful eg SFR) have been trying to persuade PEK to sell to them.
Uranium good (one tenement next to Encounter successful tenaments) PEK story is unfolding as we speak RVM will be sleeping for months I think RVM will probably hit below list price.
Please note I hardly ever knock Companies. I started on this thread because I like RVM ground. I will very likely get in RVM . I think I have months to get in. Good luck
RVM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
