RTR 2.63% 3.7¢ rumble resources limited

I'm not smart but my reasonable assumption of value can be...

  1. 988 Posts.
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    I'm not smart but my reasonable assumption of value can be extrapolated from the prior sale of a similar resource.

    South 32 paid 2 billion for a company called Hermosa with 132 mil tons of zinc
    If RTR announce a MR estimate of 120 mil tons one could assume the MC of RTR should be valued at roughly the same 2 billion bucks
    That would equate to a share price of around $3 per share for RTR

    The best part of this initial RTR Resource estimate is that has been obtained from what RTR have explored ie
    Only 1/3rd of the total strike length of the deposits known and from only 2 of the 4 layers known to be mineral bearing.
    All this can be gleaned from this presentation



    Ill take a SP half of that valuation.
    ie $1.50

    This is targeting a the title of Giant but as Shane says "watch this space" targeting the title of Super Giant is well within the realm of possibility with the known above exploration facts.

 
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