new jorc category to cover rms results...

The MD of RMS, Joe Holdsworth, has flagged the JORC commitee will be introducing a new category due to the high grade results they are getting...

To be known as "sh.it loads"...according to Holdsworth.

lol.

Refreshing to see a few releasing their shirt collars at times...and just what some of us might need at a rather sad time for many.

On a serious note however...these are some very good results.

Just looking at these two holes in isolation and adopting just a 10m interpolation over the 16m and 9m intersections respectively...

1. 16m x 10 x 10 x 3.7 = 5,920 tonnes @ 482g/t

2. 9m x 10 x 10 x 3.7 = 3,330 tonnes @ 454g/t

This gives us over 135,000 ounces of gold...or some $109m dollars of insitu value in just 9,250 tonnes of ore, or more than $11,000 per tonne

This could be bulk sampled in about a month or two, reaping the compnay some $100m profits on a toll-treat basis

Add in the rest of the project, which of itself is not exactly all that average...lol...and we have a significantly profitable mining opperation before us.

The company has stated it now has a minumum of 60m of strike of this particularly high grade zone...and down dip some 70m we still see isolated intercepts of some 48m@154g/t...so I think my interpolation of a box of just 20m x 10m x 12.5 (av), is not exactly stretching the friendship too much?

With just 180m or so shares on issue, current prices are not expensive.

Cheers!