RED 0.00% 34.5¢ red 5 limited

Ann: Red 5 Resources Rising Star Investor Presentation, page-7

  1. 870 Posts.
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    @speculator101 I hope GMD and RED don't merge.

    My thought was GMD could be looking for Kin's Cardinia ore for Mt. Morgans ... there is a huge amount of work to do at Tower Hill before it produces - find somewhere for the saline water, move the rail lin Cardinia is ready to go. Which leaves Kin with its other deposits / prospects.

    For example Iron King, further N along the Tarmoola fault. Kin describe it a s a similar deposit to KOTH.

    Hasn't seen that much deep drilling, but some good hits, small scale historic high grade. Distinct nugget patches, at least there were before I cleaned them up and mapped them with a prospecting agreement .

    I much prefer RED management to GMD. RED don't have to join GMD to get higher grade feed ... there are a lot of lightly drilled tenements around Leonora not held by GMD or RED.

    Just musing. Or maybe wishful thinking.

    Last edited by RooBendigo: 14/11/23
 
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