RCR 6.67% 9.8¢ rincon resources limited

Ann: Avalon Nb-REE Drilling Gets Underway, page-147

  1. 9,939 Posts.
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    well, that's what they want people to think, they are very confident about this drill program, but again, which mining company before they drill or while drilling they will tell you that they don't feel good, they don't think they will find the mineralisation?

    this is my guess, they knew the Pokali didn't hit the jackpot and at the same time the geophysics data from other area got one that similar to WA1's Luni, and they use it to pump the price up and fast-tracked the drilling process then hope to find Nb-REE mineralisation. Otherwise, they've been worked on Pokali for long time and drilling was almost finished, if it was good then they won't shift focus away to Avalon, luckily the Avalon has similarity to Luni, so they have chance.

    https://hotcopper.com.au/data/attachments/6328/6328892-3708b039bab3c7c1390695bd1fed185e.jpg

    https://hotcopper.com.au/data/attachments/6328/6328894-8f1ed5760962d0bb620ca50969f1d379.jpg


 
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