RCR rincon resources limited

Ann: Copper Sulphides Intercepted at West Arunta, page-297

  1. 10,525 Posts.
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    "As someone said here CGR that I hold thankfully is 6x the MC of this"

    is that because CGR has 6 different target so hence 6x MC?
    it's great to have many potential targets
    what's chance that all 6 targets will make a new discovery?
    say if only one target will make the discovery, it's 1/6 or 16.66% chance that first drilling will be successful
    if two targets will make the discovery then that's 33.33% chance that first drilling will be successful...
    For RCR, discovery or no discovery is 50/50
    so unless 3+ out of 6 targets (CGR) are new discovery then comparing current drilling program between two companies RCR has higher probability of finding something. imo.



 
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