RDM 3.13% 15.5¢ red metal limited

Ann: Drilling Underway on Forrest Target, page-8

  1. 2,980 Posts.
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    The fact that Forrest is being drilled which is more than 150KM away from the prior drill holes (Target T8 & T13) tells me that the original holes had nothing of interest to justify follow up drilling, otherwise why drill 150km away from them? What are the odds that hole 3 out of 32 potential targets will be successful? That's assuming that at least one of the 32 targets is going to be successful, even on a nearology basis. In all likelihood, one of the targets may identify an area nearby that justifies future drilling. I assume RDM just needs nearology results to try and entice a cashed-up major JV partner to carry the future drilling costs. That's Rob's method operandi.
 
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