RCH richfield group limited

Bugger the drilling, I just want one rock chip taken and assayed...

  1. 1,057 Posts.

    Bugger the drilling, I just want one rock chip taken and assayed for Rhenium.

    We already know its a big deposit of Mo at big grades, the drilling will just confirm this and of course get us to the all important JORC.

    But Rhenium at $US4,000 per lb is hugely desireable and only occurs in Moly deposits. Could add significant value to the deposit.

    Back when Rio and Santos drilled the deposit around 1980 nobody had a commercial method of assaying (forgive me but I can't recall the name of the contraption they use to assay for this metal) for Rhenium and I believe most Geos didn't go looking for it.

    If its there, I think it would show up in the rock chips.

    We might be taking it up the coit due to the share price but at least we have a super project to justify our positions.

    Hopefully we will have a few more resource funds take a position soon. The project's numbers are compelling and as such will attract the fund managers in due course.

    Hang in their, its not the first stock to be murdered by a crazed seller. It needs to build confidence again and it will, quite soon.

 
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