RCR rincon resources limited

Ann: Copper Sulphides Intercepted at West Arunta, page-68

  1. 14,333 Posts.
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    Whatever they learn from this current drilling program and the updated geophysical surveys just completed will be used for the next targeted drilling program. Most companies don’t reach success and a discovery in phase 1 drilling. If this drilling program failures (which is now less likely after todays announcement) they just go back to the drawing board and target the mag or gravity in a new light, potentially go deeper, different trends etc. It will just require a new capital raise but that won’t be difficult as a company in the west Arunta with plenty of juicy targets. If you can’t hold out and threaten to sell after one drill program then that’s on you. I can afford to hold 5 years or more if I want and every new opportunity that exists at lower share prices I will take with both hands. Different investment strategies I suppose!
    Last edited by coto: 26/03/24
 
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