Australia's largest stock trading and investment forum Australia's #1 stock forum

RMX

Click for more information

0.00%

1.0¢ red mountain mining limited

Agree. Current drill program will confirm if we have a resource....

First 310 Last

Share
Profile

Follow
Smskrishnan

68 Posts.

22/05/17

09:32

Post #: 24826959
Share

Originally posted by Boro76 ↑

Hi all,

From the current drilling I'm expecting results from analysis of the brine samples taken and nothing more. Any further information would be a bonus - they have not, to my knowledge, stated they are testing flow rates or aquifer thickness. Its a drill with samples being taken - They're not spudding it.

Perhaps after the drill campaign is completed that will have enough data to estimate aquifer size - but I don't think so - not from 3 holes. They could say from 150m - 175m we returned brine with Li of 250mg - but the work that goes into estimating aquifer size is a whole different process.

IMO - first - establish if there's Li there in commercial quantities.
Next - spend the $$ the prove up the resource size, quality, consistency, flow rates.

Expand

Agree. Current drill program will confirm if we have a resource. whether we have a reserve is a totally different question. That will need further analysis.

RMX Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

SPR

HotCopper users bullish on Spartan Resources' latest gold find right near Pepper deposit

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CHR

Charger takes on 100% of Bynoe Lithium Project in NT, looks ahead to drilling

HLX

Helix extends its copper footprint at Bijoux in NSW with latest drill results

There are more pages in this discussion • 39 more messages in this thread...

First 310 Last

Add RMX (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $3.873M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$1.2K	120K

Buyers (Bids)

No.	Vol.	Price($)
12	1557355	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	125000	2

View Market Depth

No.	Vol.	Price($)
12	1557355	0.010
10	1604156	0.009
22	5718950	0.008
11	3666714	0.007
6	2781690	0.006

Price($)	Vol.	No.
0.011	125000	2
0.012	1569293	5
0.013	1327028	5
0.014	932971	5
0.015	1674359	8

Last trade - 10.06am 07/11/2024 (20 minute delay)

RMX (ASX) Chart