RML 0.00% 0.3¢ resolution minerals ltd

Conferce Call, page-13

  1. 12,643 Posts.
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    I bought in today after listening to the call... Gee they are confident aren't they? Great probability of finding gold mineralisation, same style as Pogo (4.15Moz @ 14.7g/t)... Around 3.5Moz has already been mined in about 13 years but NST thinks there could be another 4Moz at high grade at the mine which validates the reason why they bought the mine even though it was reaching it's mine life...

    On the other side of the fence, around 450m away on NST tenements they got great results from goodpaster...

    New discovery at Goodpaster immediately along strike from the Pogo mining area demonstrates the
    camp scale potential of the district
    ▪ Significant Goodpaster exploration drilling results include (all results are true widths):
    o 4.0m at 67.5gpt (discovery hole)
    o 5.2m at 15.7gpt
    o 0.6m at 100.1gpt
    o 5.2m at 9.5gpt incl. 2.4m at 18.1gpt
    o 0.3m at 129.0gpt
    o 1.8m at 13.2gpt
    o 2.0m at 44.5gpt
    o 2.2m at 28.1gpt
    o 0.3m at 170.1gpt
    o 8.9m at 5.0gpt
    o 1.3m at 27.5gpt

    If RML hits anything like those intercepts then the share price might 10 bag... You have to remember that NST purchased Pogo at the end of it's mine life so if RML finds another high grade resource NST will want to take us over IMO
 
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