I think sediments are pretty thick around here and hence tend to think they will need much deeper drilling down the track for primary gold mineralization of any sizeable nature and hence will need to run a more costly campaign in future, (of course we have been there with a close to $15m spend in the final year in the Yukon and look at the return on that) but yes, hopefully this new grav survey is not BS like the last and they can target some intrusives properly and somebody actually knows what they are doing on the geo front.
If they get any decent intersects they can raise at much higher prices. Not averse to a new exploration area more suited to a tiny market capped company like this though given the huge funds required to properly explore this area. Anything that gets the market cap up sustainably (apart from capital raisings) is always good..
RNX Price at posting:
0.8¢ Sentiment: None Disclosure: Held
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