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Android789

1,674 Posts.

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04/08/22

12:40

Post #: 62921053
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Originally posted by jman0076: ↑

@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.

Expand

jman. Let's see how the market values the company prior to all that, and if those that purchased shares based on the statements made by the company prior to an official JORC resource estimate have their investment pay off.

I can assure you that the information I have gathered from extensive communication with the company is a lot more than blue sky guesswork.

RTR Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.9¢		Change 0.000(0.00%)		Mkt cap ! $46.10M

Open	High	Low	Value	Volume
5.9¢	6.0¢	5.8¢	$21.47K	367.8K

Buyers (Bids)

No.	Vol.	Price($)
1	26439	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	305259	1

View Market Depth

No.	Vol.	Price($)
1	26439	0.058
2	65368	0.057
3	309295	0.056
1	250000	0.055
1	2314	0.054

Price($)	Vol.	No.
0.059	305259	1
0.060	57206	1
0.061	130956	1
0.062	31049	2
0.063	250000	1

Last trade - 16.10pm 28/10/2024 (20 minute delay)

RTR (ASX) Chart