Australia's largest stock trading and investment forum Australia's #1 stock forum

RTR

Click for more information

0.00%

4.4¢ rumble resources limited

Oh my 17K metres + of drilling at WQ, page-31

First 31 Last

Share
Profile

Follow
Positive_Trader

1,448 Posts.

403

15/09/20

18:05

Post #: 47362303
Share

Originally posted by RedDirtRipper: ↑

Rumble always release 1 Ann. At the end of a drill program. Sometimes months after its complete. Look through the history with Munnarra Gully and Earaheedy results. Some are good results and some are underwhelming. If you expect constant news they are not for you. Look at the last WQ drill program as an example.

They are back drilling at Munnarra Gully (as per the planned schedule) but haven't even put out a fluff piece on that.

I sold out my position temporarily and moved into A1M for the Lamill JV. Came down to the $100m MC with only 120kOz proved up to date. I may lose out if WQ is BONANZA but so be it.

Long term RTR are sure to unearth something big, they are a quality team with a great stratergy.

GLTAH DYOR

Expand

Not to be picky

$83.8M market cap @ 16c
120,000oz report was released Jan 2019
AU gold price circa $2,680 oz

Lets say at an absolute base they have 150,000 oz’s after this drilling = AU$400M in-ground value.

You are right, Lamil looks very interesting. Add 50% of that interest on top (free carried for 4 years/min spend)

https://www.aicmines.com.au/projects/lamil-project-aic-earning-up-to-65/

Now add the other JV’s on top.

Am I missing something?

RTR Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

First 31 Last

Add RTR (ASX) to my watchlist

(20min delay)
Last 4.4¢		Change 0.000(0.00%)		Mkt cap ! $39.73M

Open	High	Low	Value	Volume
4.5¢	4.5¢	4.4¢	$2.148K	48.27K

Buyers (Bids)

No.	Vol.	Price($)
6	389842	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	561240	5

View Market Depth

No.	Vol.	Price($)
6	389842	0.044
6	836143	0.043
4	820000	0.042
3	236449	0.041
6	787500	0.040

Price($)	Vol.	No.
0.045	561240	5
0.046	170000	1
0.047	285000	2
0.048	390000	1
0.049	331109	2

Last trade - 13.39pm 13/11/2024 (20 minute delay)

RTR (ASX) Chart