RTR 2.50% 3.9¢ rumble resources limited

We missed the discovery of the year award - we came in second, page-10

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    @Android789 But there is no Resource yet, and that's the point.

    By "official resource numbers" I am referring to JORC-compliant Resource estimation, with Measured, Indicated and Inferred categories, signed off and delivered by a CP (competent person). And unless you have one of these, you have no Resource.

    Don't take their "Exploration target" numbers as anything other than blue-sky guesswork, and definitely don't take them as meaning "Resource" in terms of how Resource Geologist's use this term, which has a very specific meaning.

    I see they are scheduling an actual Resource update for late next year, which is a long way away. This will ultimately be a useful yardstick for the market to review the valuation of the company.
 
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