RCR rincon resources limited

Ann: Copper Sulphides Intercepted at West Arunta, page-239

  1. 14,319 Posts.
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    Or just do both! Why wait many months when we don't have to? The diamond holes and RC drilling is all funded and signed off and ready to go. Currently the market is pricing them all in as being duds with the tiny market cap below $5M that we have. If you compare to similar low cap peers, its absurd and crazily undervalued. I picked up more at 2.5c and have another order low 2c in case it drops again. Opportunities like this do not come around too often! Take away any chance of REE and carbonatites getting hit, gold is hitting daily records constantly, copper is in a strong reversal. Even if only Cu and Au are shown in assays, there will be a decent surge in volume and the market cap will improve to coincide with this.
    In the rare event we fail to hit anything decent, the fickle market has spoken and currently priced this in anyway, so we go back to the drawing board with the latest geophysics data, we apply for drilling permission with the government and indigenous groups, and we drill out the new & updated targets. The only issue is funding but considering a failure is already priced in, we raise capital in the low 2c range anyway.
    You are speaking as a non-holder who needs time to find more money to hopefully buy at a lower price. Why on earth would the company deliberately delay the RC drilling which will potentially hit IOCG Cu-Au or REE's?! Even if in the rare event they hit nothing in widespread RC drilling, we learn a lot from it and the regional setting around Pokali anyway. The only argument you have is that we can learn more from updated geophysics but considering the current targets are already approved for land disturbance, there is no benefit in changing or delaying this now. It will all be utilised for the phase 2 drilling targets in 3-4 months time before next wet season imo.

    Last edited by coto: 03/04/24
 
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