Can we change your name to Mustread?!
Clearly you missed the bulk of RCR's announcements. This region around Pokali has fundamentally been an IOCG deposit focus, if you read the announcements of the past year or two, management have always been transparent about this. Obviously since we are in the West Arunta, and the success of WA1 and ENR to an extent, the additional prize is REE mineralisation. We cannot discount this, and it is always a chance, especially with the additional geophysics' targets and prosperous nature of our tenures.
It appears to me that the market is currently pricing in the success of gold and copper. Especially with gold at record AUD prices and Copper enjoying a fantastic price reversal from its lows of around 6 months ago. It is clear to see that any IOCG deposit proven at the current prices will be worth an astronomical amount of money, way above our current market cap.
Either continue with your bs negative fear tactics or buy in, hold long and enjoy the exploration programs!
By the way, the heritage sign offs do not take 6 months. 3 months at most!
Ann: New Bullseye Gravity Target at West Arunta, page-409
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Last
9.5¢ |
Change
-0.002(2.06%) |
Mkt cap ! $27.38M | |||
| Open | High | Low | Value | Volume |
| 9.6¢ | 10.0¢ | 9.5¢ | $437.1K | 4.474M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 584836 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.8¢ | 110000 | 2 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
9.6¢ |
Change
-0.002 ( 1.03 %) |
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| Open | High | Low | Volume | ||
| 9.7¢ | 10.3¢ | 9.5¢ | 2955142 | ||
| Last updated 15.49pm 04/06/2024 ? | |||||
| RCR (ASX) Chart |