You know I remember a long time ago when Twiggy was drilling an incredible amount through the Nth West. Everyone didn't like him as he left a few with a fowl taste after Anaconda (now Murrin Murrin). But he kept going.
He undertook the largest drilling campaign in WA. People at the time didn't realize what he was doing. It was simple.
As you drill you lock in the reserve to be a "bankable asset". This is key to ensure the life of a project.
You can't simply think that it is in the ground. A company must prove it.
But when you do it makes the share price go crazy!!
FMG did!!
.20cents to 40 dollars!!
I look at RVR.
No Debt and producing a profit to fund a drilling campaign.
Think about this.
We are making enough money to simply continue drilling the ass out of the area!!
There is Gold, Zinc, Copper, Silver.....
This is the best investment I have ever made.
For the next 18 months there is no issues!! While Zinc is above 3k we are laughing.
And as a few have said. The falling AUD is glorious.
I wish I had more money to put on this horse. But I simply don't.
And like RVR management, I am not going into debt to buy more.
lol
Hold steady people. This is an incredible story and I look forward to the day they re-rate because they have found another couple mines!!!
30 year life baby!!
