RTR 1.64% 6.0¢ rumble resources limited

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  1. 1,837 Posts.
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    Hi Growth

    100-120 MT ….easy peasy.

    Rumble published their 1st Exploration Target in Mar 2021 quoting a lower target of 40MT @ 3.5 % Zn + Pb.
    I remember attending a General Meeting on 17/6/21 when BK made an off the cuff remark that they had already attained this lower target.
    At that time the mineralised footprint at Chinook was stated as 3 km x 1.8 km (5.4 sq km)
    Since then the mineralised footprint at Chinook has expanded to 8 km x 2 km (16 sq km).
    Remembering that the Exploration Targets have always only been for the Chinook area discovery.
    Tonka wasn’t even discovered then.
    The mineralised footprint at Tonka/Navajoh is also 8 km x 2 km (16 sq km)
    Of course Rumble can only account for 75% of most of these deposits.
    The decision to be made is whether they go for maximum tonnage which will come at a lower grade or select tonnage at a higher grade…or somewhere in between.
    These deposits (Chinook & Tonka/ Navajoh) are already so big that they have any of the above options IMO but certainly 100 MT is a shoe in I would think.
    AIMO.

    Jim.
 
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