RR1 6.25% 1.7¢ reach resources limited

Let the Horses do the thinking because they have bigger heads......, page-57

  1. 221 Posts.
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    Agree with this. I do not think we have a lithium source, and I expect the latest drill results to confirm this. The SP is certainly supporting this.

    Niobium is the only way forward for this company. But I am concerned with their ability to chase it now. I understand why they chased Lithium, get a good result, the SP goes up and then RR1 could do a CR off a good price. This would fund the Nb search.

    But it has not worked out that way. Now to chase the Nb it might need to do a CR with a SP at 0.3c. I am not sure how willing the market would be to participate in that. So it really is up to the team to back themselves and fund it from their own pockets.

    I guess time will tell.
 
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