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3.6¢ rumble resources limited

Oh my 17K metres + of drilling at WQ, page-31

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Positive_Trader

1,447 Posts.

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15/09/20

18:05

Post #: 47362303
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Originally posted by RedDirtRipper: ↑

Rumble always release 1 Ann. At the end of a drill program. Sometimes months after its complete. Look through the history with Munnarra Gully and Earaheedy results. Some are good results and some are underwhelming. If you expect constant news they are not for you. Look at the last WQ drill program as an example.

They are back drilling at Munnarra Gully (as per the planned schedule) but haven't even put out a fluff piece on that.

I sold out my position temporarily and moved into A1M for the Lamill JV. Came down to the $100m MC with only 120kOz proved up to date. I may lose out if WQ is BONANZA but so be it.

Long term RTR are sure to unearth something big, they are a quality team with a great stratergy.

GLTAH DYOR

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Not to be picky

$83.8M market cap @ 16c
120,000oz report was released Jan 2019
AU gold price circa $2,680 oz

Lets say at an absolute base they have 150,000 oz’s after this drilling = AU$400M in-ground value.

You are right, Lamil looks very interesting. Add 50% of that interest on top (free carried for 4 years/min spend)

https://www.aicmines.com.au/projects/lamil-project-aic-earning-up-to-65/

Now add the other JV’s on top.

Am I missing something?

RTR Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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