so Crim, who was buying today as there are zillions of shares on...

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28/04/16

16:29

Post #: 17623007
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Originally posted by Crimsoncarp ↑

I'll fill you in guys.

They are drilling 7 km along strike from BUX's double magic prospect, in what appear to be the same host rocks where the firm has several strong anomalies. The strongest of which is 9000-12000 Siemens. BUX's intersects came from a conductor which ran 15000 Simens but unfortunately was only 15 by 40 meters meaning that even with the nice grades (approximately 2% Ni, 1% Cu) the limited size made it completely uneconomic.

Now should RMR's interpretation be correct and they get similar grades in something much larger applying a width of 17.5 m (as per BUX) ,a density of 3.7 g/cm2 and the conductor dimensions of 250*350 m as per their announcements a back of the envelope gives you a 5.66 millon tonne orebody running 2% Ni and 1%Cu. off that single conductor.

That's the appeal of the firm ATM.

And if they are wrong its probably the last we will hear of them.

Please DYOR and GLTA

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so Crim, who was buying today as there are zillions of shares on issue not forgetting the oppies as well, someone knows something, this surely is not mad money buying, when did u say drilling started, has there been inside news from the coal face ?

RMR Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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so Crim, who was buying today as there are zillions of shares on...

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