To be honest guys, I don't expect that the first hole intersected visible gold. Its possible but entirely unlikely, especially in this geological environment - its a porphyry target, with likely to be low gold values at best, and hopefully sufficient sulphides to give encouragement to the geologist to warrant the deeper termination - but it could just be the lithology which was still present with little or no sulphides present.
But the point is that if they have got a huge bulk tonnage potential from that porphyry target, down to something close to 600 metres in the first couple of holes, what a great start to the drilling program - remembering its early days, and the first couple of holes might not be correctly centred despite the IP information - even Boyongan down the track was not hit with the first couple of holes (its got a resource of over 100 million tonnes!).
Also, please note, that RED has other porphyry targets, such as Madja, that was just touched with the first couple of holes drilled there a few years ago (when RED had bugger all cash for exploration outside of Siana!).
I agree with Fastbuck, that RED should already be 35 cents, and based on today's performance we might see it moving higher much sooner, irrespective of Mapawa or not!
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Last
41.5¢ |
Change
0.025(6.41%) |
Mkt cap ! $2.823B |
Open | High | Low | Value | Volume |
39.5¢ | 41.8¢ | 39.0¢ | $7.076M | 17.26M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 48036 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 35276 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 48036 | 0.410 |
7 | 754518 | 0.405 |
7 | 440355 | 0.400 |
8 | 311726 | 0.395 |
13 | 516132 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 35276 | 1 |
0.420 | 1141096 | 22 |
0.425 | 786998 | 14 |
0.430 | 1724316 | 31 |
0.435 | 1047577 | 21 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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