Hi Growth
100-120 MT ….easy peasy.
Rumble published their 1st Exploration Target in Mar 2021 quoting a lower target of 40MT @ 3.5 % Zn + Pb.
I remember attending a General Meeting on 17/6/21 when BK made an off the cuff remark that they had already attained this lower target.
At that time the mineralised footprint at Chinook was stated as 3 km x 1.8 km (5.4 sq km)
Since then the mineralised footprint at Chinook has expanded to 8 km x 2 km (16 sq km).
Remembering that the Exploration Targets have always only been for the Chinook area discovery.
Tonka wasn’t even discovered then.
The mineralised footprint at Tonka/Navajoh is also 8 km x 2 km (16 sq km)
Of course Rumble can only account for 75% of most of these deposits.
The decision to be made is whether they go for maximum tonnage which will come at a lower grade or select tonnage at a higher grade…or somewhere in between.
These deposits (Chinook & Tonka/ Navajoh) are already so big that they have any of the above options IMO but certainly 100 MT is a shoe in I would think.
AIMO.
Jim.
- Forums
- ASX - By Stock
- Tier 1 assets
Hi Growth 100-120 MT ….easy peasy. Rumble published their 1st...
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RTR (ASX) to my watchlist
|
|||||
Last
3.7¢ |
Change
0.002(5.71%) |
Mkt cap ! $27.98M |
Open | High | Low | Value | Volume |
3.4¢ | 3.7¢ | 3.4¢ | $132.5K | 3.813M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 800000 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 369726 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 800000 | 0.034 |
3 | 1500000 | 0.033 |
2 | 467000 | 0.032 |
3 | 470000 | 0.031 |
6 | 547366 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 369726 | 4 |
0.038 | 360000 | 2 |
0.039 | 271291 | 2 |
0.040 | 200000 | 1 |
0.041 | 253903 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
RTR (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online