RML 25.0% 0.2¢ resolution minerals ltd

Agree. Tough day.Been in this one for a while and am heavily in...

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  1. 61 Posts.
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    Agree. Tough day.

    Been in this one for a while and am heavily in the red. But while I'm disappointed I'm not sure if I feel quite the same way and will be holding. This was always a high-risk high-reward play and was going to take time.

    My 2 cents on the results are:
    - They tested a huge area and have a logical next step for more drilling.
    - The historical hits were at East Pogo were at the 147m and 220m mark so it was a reasonable plan to test a lot of shallow targets rather than risking it all on a couple of deeper holes.
    - Now if they do bring in a diamond rig they'll be in the right zone.
    - From Duncan's comments they aren't sitting around waiting. So there'll be more to come.

    And then there's always the copper story...
 
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