Ann: Drilling Commenced - East Pogo Prospect 64North Project, page-38

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travelbug2

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29/06/21

12:03

Post #: 54142401
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Originally posted by thecrabpest: ↑

The reasons I bought in:

Recently raised money to fund the current drilling campaign
Drilling results due soon (4 - 8 weeks) with drilling commenced on 10th June stating "East Pogo drilling will take ~3 weeks to complete, assay results expected ~ end of July."
Multiple Prospects:
64 North - this is an exciting nearology play smack bang between 2 profitable mines - you can literally see the Pogo mine in the night time photos as it is only a few kms away
Pogo East - currently being drilled - https://hotcopper.com.au/threads/ann-drilling-commenced-east-pogo-prospect-64north-project.6104372/#post-54140657
Sunrise - positive results - https://hotcopper.com.au/threads/ann-sunrise-prospect-assays-confirm-fort-knox-style-system.6061988/
Other potential targets
"Fort Knox" style mining. This means relatively low grade but over a large area. Quite easy to mine. This is similar to the style of mining you see Parker and Tony doing on "Gold Rush" on Foxtel.
Wollogorang Project (prospective Copper and Cobalt - I am keen on Copper)
Professional Marketing and Communications (I personally think it says a lot about the company. It doesn't cost a fortune to do, but it adds to the level of professionalism expected by management)
Very sharp website (https://www.resolutionminerals.com/)
Great animations explaining the projects and other communications
all time lows (very disappointing for long term holders, but an opportunity for new investors, and also an opportunity to average down if you believe in the company and are that way inclined with your investments)

Of course this is not advice and nothing is guaranteed, but if you are a long term holder and are able look at it objectively, hopefully you see the potential after 5 years of constant downwards pressure.

Please let me know your thoughts on all of the negatives, I would like to temper my somewhat rose coloured view of this company.

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I think you are on the money.

Drilling last year and this year has not hit any outstanding grades so market doesnt care.

If DC FINDS DECENT COPPER intersections or some pogo style gold the sp will move accordingly.

Cant go any lower now. Load up.
RML Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Ann: Drilling Commenced - East Pogo Prospect 64North Project, page-38

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Ann: Drilling Commenced - East Pogo Prospect 64North Project, page-38

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