RCR rincon resources limited

this is the first drilling in 15yrs. The first diamond hole may...

  1. 12,772 Posts.
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    this is the first drilling in 15yrs.

    The first diamond hole may or may not find anything.

    The second diamond has a good chance of success.

    The RC drilling could uncover something of interest, as they plan to drill a number of targets.

    From this round of drilling it will give the team a better picture of the geology and the ground below and they can target more drilling on positive results.

    Drilling done 15yrs ago showed there is an IOCG system. Its about finding the source. This is what companies like RIO and others are trying to do.

    BHP did some work many moons ago and liked the tenements.

    Modern technology has developed over the last 20-30yrs so we have a better chance of success.

    1c or below is rather a silly comment. That would put RCR at $1m - $2m MC.
    Last edited by TopGun1: 28/02/24
 
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