RCO price has been climbing over the last week or soSee below...

RCO price has been climbing over the last week or so

See below post by buffetjr from another forum. he puts out a decent spiel....

(thanks buffetjr)

ac

Morning all

Just a little update on Royalco. Couple weeks ago, I was lucky enough to be invited on a fieldtrip to the Philipines to see a couple of their exploration areas, being Gambang and Samay.

Although these project visits took a backseat in terms of also enjoying the culture and hospitality of the Filipinos, I was lucky enough to see first hand what Royalco has, and why I am invested in it, particularly at Gambang.

Although Gambang, and the other very prospective project PAO are still awaiting approvals, meeting the locals made it obvious that this should happen very shortly and quickly. The support of Royalco by the locals is evident...which is not surprising given the jobs they will create for the locals.

Samay itself is actually already being drilled right now, however it is a low priority area. The real excitement should happen at Gambang...I have actually put some links to photos of the rocks I saw (blue means copper!). And yes that is my hand holding the rock Given the SIZE of the pics (very large) I've simply copied the links below.

Copper at Gambang: http://img101.imagevenue.com/img.php?image...g_122_369lo.JPG
Copper at Tokla: http://img155.imagevenue.com/img.php?image...a_122_373lo.JPG
Copper stream Gambang: http://img136.imagevenue.com/img.php?image...m_122_446lo.JPG
Copper rock from Tokla: http://img9.imagevenue.com/view.php?image=...r_122_308lo.JPG

The copper stream picture is quite amazing since that bluish/green is actually the concrete road. The stream comes from the top of the mountain washes over the road then continues on down the mountain. The copper in the water is actaully absorbed by the concrete hence the colour. This makes it clear that the source of the copper comes from the top of the mountain...not a bad way to find it

Upon returning to Melbourne, soon after announcement that Malangza had been approved for exploration was made. Highly excited by this...although nowhere near as advanced as Gambang, and a higher risk project, the potential size of any project is enormous...think Indophil's Tampakan. Gold has been mined on the south of the island, however they still need to put drill holes to see if there is anything substantial their. But one geo I know has described it as a 'geologist's wet dream'. Bit crude I know.

However I am more looking to Gambang where having seen the ground for myself, I am more than convinced they will find a significant deposit at one of the many prospects in the area...heck they already have one deposit, even though it has to be proved up and which they hid the details of in a quarterly (not really into promotion).

Anyway I hope you enjoy the pics...have a fantastic XMAS and New Year, hopefully 2007 is as successful for mining investment as the last couple years!

BuffetJr