RTR 0.00% 4.0¢ rumble resources limited

This is correct, simply adding more Inferred Resource by...

  1. 1,106 Posts.
    lightbulb Created with Sketch. 317
    This is correct, simply adding more Inferred Resource by drilling another 500 holes at approximately the same grades, widths and downhole depths does not tell us anything about the viability of the project.

    Something as big as this would require several stages over multiple years to get close to the throughput tonnages they need for the project to be economic (? on the "economic"), hundreds of millions in drilling expenditure to convert the Indicated Resource to a Reserve, and probably several years of -ve cashflow to remove the overburden.

    They could focus on the shallowest, highest grade part of the orebody initially to run the economics of a stage 1 starter pit to see if it flies, or incorporate everything into a larger study, but which would be based on many assumptions and probably wouldn't meet the criteria for a PFS, so that may be why they'll opt for an initial scoping study.




    Last edited by jman0076: 27/11/23
 
watchlist Created with Sketch. Add RTR (ASX) to my watchlist
(20min delay)
Last
4.0¢
Change
0.000(0.00%)
Mkt cap ! $29.21M
Open High Low Value Volume
4.0¢ 4.0¢ 3.9¢ $26.00K 659.7K

Buyers (Bids)

No. Vol. Price($)
7 851758 3.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 784054 4
View Market Depth
Last trade - 15.45pm 24/05/2024 (20 minute delay) ?
Last
4.0¢
  Change
0.000 ( 2.56 %)
Open High Low Volume
3.8¢ 4.0¢ 3.8¢ 348333
Last updated 15.42pm 24/05/2024 ?
RTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.