RAS 0.00% 1.7¢ ragusa minerals ltd

Ann: NT Lithium Project Drilling Update, page-95

  1. 1,523 Posts.
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    Read the announcement he is expediting diamond drilling.

    This is all early stage to identify geology for more targeted drilling, I agree that this will take time to build on but we are only 700m into a 5000m drill program. Putting the dirst holes down were always going to be a bit of educated guess work but once they get an idea of the geology they can adjust the drilling to suit and expand.

    Everyone is debating rubbish its an early stage spec stock that has potential, ticks quite a few good boxes (lithium, nearology, management, low SOI etc). Have a look back at CXOs announcements and subsequent HC chats there was similar banter back then and they pushed through and grew to 2.7B MC which took them 3 years from 1c (approx 30M MC) range to $1.5 range (2.7B MC).

    In the end we are super early stage and still cheap low market cap.
    https://hotcopper.com.au/data/attachments/4785/4785103-b3462f79326050446990e64e82124c92.jpg
 
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