Got a smallish position this week as Mo is one of more favoured metals, results could still be a few weeks imo given weather, drill progress, possible core lengths and lab delays but was too cheap.
Looking at update on 2/22 Slide 21, if these four points are near fact then last drilling analysis was a....good example how not to do drilling and core analysis. There is a strong probability imo that the drill results will exceed RIOs provided RCH dont employ cowboys. Previous drill holes 11 and 12 and 13 hit significant widths and grades for a moly deposit despite the analysis.
Will have to raise further cash since diamond drilling with air support is not cheap but could get a good run on results. Indos not my favourite place but is the land of elephants.
zzzz1
IMO smaller high grade oepration could also be an option for early production and cash flow.
DYOR
RCH
richfield group limited
