RAS 5.56% 1.7¢ ragusa minerals ltd

Ann: Quarterly Cashflow Report, page-12

  1. 764 Posts.
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    I agree @dysone - I think my gut feel has been right on this Company for the last 4 weeks or so.

    Not much progress due to COVID and it looks like the Company are now looking for a new project (plan b?).

    "As the next stage of exploration works, excavation trenches are proposed to further investigate all the shallow IP anomalies in order to expose the possible reefs, confirm strike and dip, evaluate their mineralisation potential, and better define potential drill target sites. Upon completion of the proposed trenching works, first pass core or RC drilling of deep seated anomalies may be conducted, following trench sampling sterilization of the near surface geophysical and geological anomalies."

    It may be easily more than another month before any definite drilling is done with trenching in my opinion

    A little disappointed but back to snooze mode

    https://hotcopper.com.au/data/attachments/3138/3138548-052bd5e7049cfa11a54d5204f3b1d88c.jpg



 
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