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4.0¢ rumble resources limited

OK. Let's talk.....Surely If the Zink grades improve, then the...

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Hardcash

6,329 Posts.

746

27/11/23

15:56

Post #: 71128935
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Originally posted by Resurgam: ↑

@Hardcash I have to respectifully disagree at this point in RTR's lifecycle as you need to be straegic in what you spend your dollars on. You could spend $5m driling to add another 50Mt or you could spend half that on a scoping study to show how this could be a no. 5,6,7 ? largest producer of Pb/Zn in the world and a key strategic asset outside of Africa / China. Financial and production number allow others to put a value on the prize here. There is just too much doubt (IMO) around the economics - look at those pit outlines, the strip ratio looks massive.

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OK. Let's talk.....

Surely If the Zink grades improve, then the strip ratio/cost (economics) of the resource looks more attractive - yes/no?

RTR Price at posting: 8.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 4.0¢		Change 0.001(2.56%)		Mkt cap ! $29.21M

Open	High	Low	Value	Volume
3.9¢	4.0¢	3.8¢	$103.4K	2.678M

Buyers (Bids)

No.	Vol.	Price($)
3	566758	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	864724	3

View Market Depth

No.	Vol.	Price($)
3	566758	0.038
2	627010	0.037
4	581305	0.036
2	450000	0.035
1	435000	0.034

Price($)	Vol.	No.
0.040	864724	3
0.042	358500	2
0.043	33927	2
0.044	271000	1
0.045	474161	2

Last trade - 15.28pm 23/05/2024 (20 minute delay)


Last 3.9¢			Change 0.001 ( 2.50 %)
Open	High		Low	Volume
3.9¢	3.9¢		3.8¢	580526
Last updated 15.18pm 23/05/2024 ?

RTR (ASX) Chart