Hmm...
m0ngy, if you have data showing they drilled deeper, I would love to see it, otherwise.....
If nothing else, it was interesting to dig up the brief history of Spectrum and its acquisition of Penny West for $1m (and another 750k to get rid of the royalty, bet the vendors have kicked themselves for selling the royalty (they did have the 950k in shares to placate themselves), when SPX shareholders at $0.005 saw a 30x appreciation in their share price in just 2 years.
This what they knew before SPX drilled again. Pretty much drilled around the U/G Penny West deposit.
Don't see open pit strip ratio's like this these days.
Either way, it is going to be interesting to see what they hit with all the drill holes above. Perhaps RMS' Geo team have been able to get a better grasp of the minerisation than past owners...
Ann: Penny Gold Mine Update, page-35
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.14 |
Change
0.040(1.90%) |
Mkt cap ! $2.456B | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.15 | $2.07 | $5.340M | 2.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 96948 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 39393 | 3 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |