RGL 14.3% 0.3¢ riversgold limited

Ann: Big Increase in Andover Lithium Area Tenement Holding, page-11

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  1. 184 Posts.
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    I don't purposely mislead people by providing false information, I am not a big guy like you but over the past years of experience in mining I communicate with forums on what I realy understood. For me RGL is a best small cap company for investors as they can affirm that they can invest in a company which soon going to be a minor mid cap with a base MC of 100 million due to the following reasons:

    1. Northern Zone - I could see an intense alteration of Gold in their recent drilling core and assumed that the end result will be a discovery with 3.5 to 5 moz gold JORC resource I expect the results will be in 2 weeks time. Only if this scenario works accordingly then the company will shift towards new level. (Reference - ASX announcement 21/08/2023 and Samso interview with Julian)

    2. Tambourah - So far soil sampliing result shows significant Li ppm that raises hope on a potential discovery (ASX announcement - 13/11/2023)

    3. Andover 2 tenements - My personal opinion for the first tenement (E47/5069) is that I do not see any potential on this tenement due to its close proximity towards ocean and the technical difficulty to conduct drilling in there, but the second tenement (ELA 46/5072) looks geological similarities (non professional opinion) with Andover discovery. - Potential for a dicovery.

    4. RGL REE - Not optimistic on that project.

    5. I do not trust in their James Bay stories as the tenement has been transfered through many explorers and still nothing found (conducted exploration in 2013 - Available in public domain)

    I have good faith in RGL and its management exept DL.
 
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