RMX 0.00% 0.1¢ red mountain mining limited

Historical drillings, page-8

  1. 467 Posts.
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    great information Norman.Good to see it posted instead of my chicken nuggets.
    The price of gold was so low back in 2006 from my understanding under US$500 an ounce..
    With gold almost quadrupling in price since then the value has risen considerably in these resources now held by Rmx
    Well worth the effort to prove up by drilling
    In ans to Van88 regarding his question why someone else never continued.They must of had blinkers on because the price of gold was not favourable at the time or they ran out of money to continue .
    ,Bgl took over An old mine held by another company previously and we could ask the same question Why was it not developed earlier by the other party.They did some drilling and the shares went from a few cents up to $1.35 .
    Good information posted Norman so people can track the assay results against older drilling programmes as they come back over next month .

 
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