RTR 0.00% 3.8¢ rumble resources limited

I agreeAllow this company to move the level of confidence of...

  1. 988 Posts.
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    I agree

    Allow this company to move the level of confidence of resource towards indicated then measured will reap big rewards
    This slide is offered in everypresentation RTR has delivered, it outlines their current understanding of the depositto date and forms the methodology the drilling process.

    https://hotcopper.com.au/data/attachments/5240/5240829-781d30016975ac5b420185c254394c24.jpg



    Here is one of the recentpresentation

    https://www.youtube.com/watch?v=Q1sPXVOVabE


    As Bosorix mentioned, Brett the head geologist says this ataround the 28min mark

    "so the bulk of the resource at this stage sits at the unconformity or above the unconformity"

    " at this stage we are unsure of where the metal comes from we feel that it's very likely coming fromthe carbonates that sit underneath. The carbonates that do sit underneath are very extensive in fact they underlie most of the Basin and in some areas it's very thick we believe up to four or 500 meters of carbonates so that could be the source. These feeder faults move up through the Iroquois pass through the purple Shale and eventually up into that unconformity and where number one and two is that's where most of our mineralization sits at this stage. This is where we've been working on. We've yet to test other styles of mineralization at depth but we do see very strongevidence of it."

    "Iroquois which sits underneath our neighbors to the South if you just move on to here you can see the Iroquois zinc-lead Prospect which is owned by Strickland. They appear to have an MVT style well into the Iroquois basin. Looking at the same diagram you can see that approximately50% of the inferred outcrop or geology within the project is in fact Iroquois and we've yet to look at that."


    RTR have already announced aMaiden resource of 94 million tons

    From Bretts comments RTR believe “approximately 50% of the inferred outcrop orgeology within the project is in fact Iroquois” from which they believe the metal comes from.

    So we can all agree the size ofthis resource is already of National Significance for AUST.

    Can we become globallysignificant in due course?


    https://hotcopper.com.au/data/attachments/5240/5240830-6474077962c1c543af35d3d407f39013.jpg

    With time therefore the followingoffers us a gauge on the value this deposit is to the wider market

    https://hotcopper.com.au/data/attachments/5240/5240833-80b6d9275f8f0d5bb88dc273cb0818e4.jpg

    this deposit was underground (moreexpensive to mine, RTR is so shallow it will be open pit mining) but alreadysuggests RTR should have a market cap of 1.56 billion


    Hermosa deposit was 120 million tons/ 2 billion AUD = 16.66 AUD per million tons of deposit

    RTR current deposit 94 milliontons x 16.66AUD = 1.56 billion AUD

    RTR have 626,749,363 shares onissue therefore 1.56 billion / 626,749,363 = $2.48 per share.


    Please note this is CURRENTresource size only.

    All RTR have to do is move the 94inferred resource into the indicated category


    Here is a summary of the classificationof resources
    https://hotcopper.com.au/data/attachments/5240/5240850-16f944cfb8d3591e38dbf4ed16fc511b.jpg



    So drilling in between the holes usedto calculate the inferred resource will move it to the indicated.

    Additional wider spaced drillingin other areas builds on the inferred which can be accomplished concurrently.


    IMO this company will get takenover by one of the global majors once a higher level of confidence is proven.
    If BHP deposit in South Africa was gloably significant RTR is a shoe in
    https://hotcopper.com.au/data/attachments/5240/5240906-07f03a93261e2fdd6616d0ee8989a696.jpg

    A
    cap raise will be required soon, I hope its a cornerstone investor

    I will be holiding all my shares for a few years to allow this to develop

    Last edited by falling knife: 02/05/23
 
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