RMR 0.00% 4.8¢ ram resources limited

Ann: Maiden Drilling to Start at West Kimberley Project-RMR.AX, page-46

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  1. 188 Posts.
    Thanks CC for all your contributions, it is much appreciated. Rye1208, thanks for the kind words, but I can’t put it any other way since I’m by no means a geo or qualified in any other way regarding mining/geology. Besides that I live on the other side of the globe, the Netherlands, and the only things we pull out of the ground over here are potatoes and some gas. However, I did spent a year in WA from which 8 months as an offsider on a RC rig. We did mostly resource drilling on the most beautiful mine site in Australia, Koolan Island. Drilling conditions were hard, on a good day we did 100m, but I know from my colleagues, 300m a day isn’t impossible if you have really fast ground, an experienced crew and no down time. Given this I won’t be surprised if we get a TH sometime during next week since the targets are shallow. Very exciting to say the least.

    For me it is all about reading, reading and reading. As I did with RMR and the more I read about the target, the more I liked it. It took over a month before I got the position I wanted. Like CC my portfolio is heavy on RMR, too heavy, but I refuse to sell any at this moment and I won’t sleep bad if I lose it all. As we all know making a solid discovery is rare, it all comes down to the odds. For me this is as good as it gets target wise, the only thing what is missing is Geochem, but I can forgive them for that, because the results from BUX just 7 km away are saying drill drill drill those conductors. I find it very difficult to imagine those RMR conductors are caused by something else than Ni-Cu sulphides. If you talk about multi bagger potential, here it is imo.

    Difficult to predict how next week will go if we don’t get news since it appears there are still some ‘trapped’ holders looking to get out no matter what and each pip up means a high percentage gain at these point of a cent levels, which makes it tempting for some to make a quick buck. Apart from these issues, nickel isn’t really the flavor of the month. But I have no doubt a solid discovery will take care of all these arguments in no time… GLTA
 
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