rie summary

Here's a summary I posted over on the ST Trading thread:

Another one to watch:

RIE - Riedel Resources

Tenements in the Sandfire Doolgunna Province, adjacent to Sipa and LSR, and along 20km of the regionally significant Jenkins Fault. RIE has defined a number of copper anomalies on their ground; recent work by Sipa and LSR has also defind a copper anomoly which appears to continue into RIEs tenement. Historic gold focused drilling results on RIE's ground included 21m @ 19.3g/t Au and 21m @ 16.7g/t Au, highlighting the potential of the area.

Also have some good ground in Burkina Faso prospective for gold.

58m shares (34m freely tradeable).
Market cap only $8.7m @ 15c.
$3m cash at 31 Dec.

Drilling to commence in April, which should deliver some market interest. Appears to have flown under the radar to date but has all the elements required for a speccie play. Recently added to my watchlist, looking for a decent position but thinly traded.

Have a look at their Company Update Presentation dated 12 March for a good overview.