So I bought on the basis of value. Half the current MC is cash. That means the market is attributing less than 6 mill to all of what RR1 has. We have 100k oz of Gold @3.2g/tonn limited to only 100 meters from surface. Don't take my word for it, just look at the Dec 6, 2021 announcement.
Consider INGROUND value of each oz of gold at $60 AUD, thats 60x100,000=6mill.Add the cash and you get our MC today. Thats just in ground, dont dig it out, dont try to find more Gold below or around the Jorc resource that was limited to 100 meter depth drilling, dont go near the pansy pit etc. which we SHOULD.
THEN add scope of Nb project, historical data and recent assays. THEN add the furure manganese project.
Again, I'm not investing for news tomorrow. I'm taking an H2 2024 view, because by then, RR1 won't be abailable in my humble view at sub 5 cents. We have seen what it can do before and we know how the market likes Nb and prospect of digging up gold is very worthwhile.
Again, just my views, I have substantial invested in RR1. Not intended as financial adcice.
Finally, the MACD suggested the price moving, and I saw support @ 0.016c. At least that is my read on it. Time will either show me to be a prophet or a fool
DYOR - GLTAH.
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