Boolgeeda you made a fair point but I also think if they can really find more significant intersects at Vuzel (in the long term) then this could result in a significant re-rate.
For example previous reports in 2022 reported 17 m @ 1.13 g/t (VZ 2206) which was one example, there were three other holes with grades ranging from (1.10 g/t to 1.20 g/t) but length of intersects were low. With the current gold price as it stands, then grades 0.8 g/t will be deemed suitable. What needs to happen now is no compromise on grade but much larger intersect lengths and more of them will be required in order to underpin more exploration. Hopefully the results associated with Phase 2 drilling will provide an opportunity to pursue more drilling resulting in a re-rate.
RDN Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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