RML resolution minerals ltd

Ann: Drilling Program Completed at East Pogo Gold Prospect, page-44

  1. 2,537 Posts.
    lightbulb Created with Sketch. 1742
    Confirmation of gold is a good first step, but it is not until we know how much that we will be well and truly on the way.

    I think 20c / $100m MC in near term is realistic, but I also think it could go higher, but at the same time, it could potentially get "managed". Who knows, but I am ready for the ride.

    In saying this, if we look at our claims, you can see we encircle the Pogo mine and intersect their claims, and it makes me wonder what the ability to consolidate this ground be worth to NorthStar?

    I am not exactly sure of how much drilling or how exhaustive a drilling campaign is they have done, but I am assuming they have more drilling to do, but if we beat them to it, and once proven up (and looking at what is know from their drilling and the nearology aspects of this one) I think this could be an attractive prospect for them to make an offer on, and in turn cement a significant increase in resources and the life of the Pogo mine.

    https://hotcopper.com.au/data/attachments/3336/3336110-e97e2680cee426259bb0cb91e28c14a9.jpg

    NorthStar state that the Pogo mine has about 7m ounces of indicated and inferred (https://www.nsrltd.com/our-assets/resources-and-reserves/), which bodes well for us, but is not a guarantee. In saying that, as @watchitgonow said, there is very strong signalling in the video, without actually saying anything, and also acknowledgement of @LineMarker post above in relation to the coyness of their language.

    As an aside, a cool resource I discovered via the NorthStar website is an interactive 3D map of their mine and region https://inventum3d.com/c/nsrltd/pogo


    Last edited by thecrabpest: 07/07/21
 
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