RTR 0.00% 4.4¢ rumble resources limited

A Look at Vale, page-3

  1. 1,516 Posts.
    lightbulb Created with Sketch. 630
    Good one mp

    Pretty interesting as there are similarities between Voisey Bay and Fraser Range. Here is a report from Vale's original Chief Geophysicist who had challenges with ownership as follows


    Soon after Voisey‘s Bay‘s discovery, it became clear that the deposit is gigantic and that an entire mining district may evolve as these types of deposits typically occur in clusters. Hence, an aggressive staking rush began in the region putting the most prospective areas into checkerboard-style ownerships widely dispersed and wildly fought after – which made effective regional, large-scale exploration unfeasible...”

    These nickel deposits occur in clusters and unless you hold a whole area there are difficulties. As there were initially for Vale. In other words there were mining claim,s everywhere. Sorting this out was a huge challenge and expensive. This is why Rumble in the Fraser range is in a great position with possession of 3,260 square kilometres. So the way I see it being right next door to SIR may not be the way to go because clusters are wide spread in different areas.

    Look I'm no geologist but if you get enough right information. I also think working on the analogy with the Eye Feature is a good way to start for Rumble. The Vale report is interesting.  Cheers..CH


 
watchlist Created with Sketch. Add RTR (ASX) to my watchlist
(20min delay)
Last
4.4¢
Change
0.000(0.00%)
Mkt cap ! $34.38M
Open High Low Value Volume
4.4¢ 4.5¢ 4.3¢ $115.3K 2.593M

Buyers (Bids)

No. Vol. Price($)
3 1590945 4.4¢
 

Sellers (Offers)

Price($) Vol. No.
4.6¢ 200000 1
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
RTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.