RTR - Rumble Resources

[Sean K]

Your news is out lads.

Up a little today on the back of this ann, which isn't anything really big IMO.

Interesting that they're focussing on these 'feeder faults' which contain the higher grade mineralisation. I think I've said before they need to expand the high grade areas to improve the quality of the deposit. It's definitely going to be massive, but they need more 5%+ volume. They've indicated this is a priority in this ann by putting in a cartoon that only covers high grade areas around the feeder faults.

I would assume with the future mining plan these would be the starter pits, or blend it into the lower grade stuff to get a higher average % throughput.

 

[greggles]

RTR bouncing back this week, currently at 24.5c. The buy side of the market depth is looking stronger. Perhaps last week's announcement reminded the market of the potential of the Earheedy deposit? Zinc and lead prices also firming.

 

[Sean K]

RTR bouncing back this week, currently at 24.5c. The buy side of the market depth is looking stronger. Perhaps last week's announcement reminded the market of the potential of the Earheedy deposit? Zinc and lead prices also firming.

It was some time ago that I though 40c might have been a floor. eeeeek. Do I now say 21c was a bottom? I'm not game enough. But, $150m MC for what looks to be a large scale deposit with some high grade zones does look like it has a future.

I just think I'd like to see some more purple and red on their cartoons.

POZ zig zagging sideways for the past year may not have helped.

 

[frugal.rock]

"Mark Creasy – The man, the myth, the legend" is said to hold 10,000,000 RTR shares​

Lessons from the Masters: Where is super prospector Mark Creasy looking for his next payday after Galileo's big hit? - Stockhead

Prospector extraordinaire Mark Creasy could be behind yet another major discovery with Galileo's Callisto PGE find. Who else does he back?

stockhead.com.au

 

[Sean K]

Mostly sub 5% but at 8km long now and about 1km wide, very large scale. Not sure of average widths but this is going to be in the giant category. Mining plan would be to start with the purple and red bits and probably blend in some lower grade stuff for a 6% feed. Need to track those high grade feeder zones for more high grade volume. Zinc is in the toilet at the moment so is probably keeping this down a bit.

 

[greggles]

Mostly sub 5% but at 8km long now and about 1km wide, very large scale. Not sure of average widths but this is going to be in the giant category. Mining plan would be to start with the purple and red bits and probably blend in some lower grade stuff for a 6% feed. Need to track those high grade feeder zones for more high grade volume. Zinc is in the toilet at the moment so is probably keeping this down a bit.

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The results look good but yes, base metal prices and bearish market sentiment are keeping RTR down at the moment. It's also worth pointing out that the true scale of the deposit remains unknown.

To date, Rumble has only targeted the extensive shallow dipping unconformity lithologies termed the Navajoh Unconformity Unit, with drilling only testing 40% of its prospective strike. Drilling has been completed on 200m line spacings within the main Chinook, Tonka - Navajoh Prospect areas, and on 400m and 800m line spacings outside of these main prospects.

 

[InsvestoBoy]

The results look good but yes, base metal prices and bearish market sentiment are keeping RTR down at the moment. It's also worth pointing out that the true scale of the deposit remains unknown.

Seems like gap fill at 18c is a given...

 

[brerwallabi]

Seems like gap fill at 18c is a given...

Yes they need to make another good announcement and 18cents is guaranteed.

 

[greggles]

Seems like gap fill at 18c is a given...

It looks like it doesn't want to go below 20c, but all it will take is one really bad day on the markets, or one disappointing announcement and that gap might well be filled. But today looks like an up day for RTR after a solid rally on US markets and base metal prices firming a little.

 

[Sean K]

It looks like it doesn't want to go below 20c, but all it will take is one really bad day on the markets, or one disappointing announcement and that gap might well be filled. But today looks like an up day for RTR after a solid rally on US markets and base metal prices firming a little.

Yeah, the whole market seems to be at the whim of the global financial situation at the moment. The only thing going ok the past week or so was gold really. Good night for US equities, but Zn still in the dunny. Needs to start a turn around along with the market.

Other than the markets, the catalyst here must be the initial MRE which will hopefully surprise to the upside to the market. I assume they'll deliver an overall resource with a high grade 'core' around those purple and red areas.

If they deliver 100Mt@4% with 4Mt contained ZnEq that's about $11.8b contained metal close to surface.

 

[greggles]

RTR has dipped below 20c today on base metal price weakness. Looks like that gap fill at 18c might happen this week with further base metal price weakness expected.

A big dump of over 800,000 shares today at 12:23pm.

 

[Sean K]

RTR has dipped below 20c today on base metal price weakness. Looks like that gap fill at 18c might happen this week with further base metal price weakness expected.

A big dump of over 800,000 shares today at 12:23pm.

Chart looks pretty ugly. Really need zinc to hold around this $30k level to support the general zinc market.

Seems like they trying to focus on the high grade feeder structures and prove there's some copper along with the zinc and lead.

MRE sometime this year will be interesting. Not sure exactly when they're going to produce it or when the cut off for assays to be included will be?

 

[greggles]

Chart looks pretty ugly. Really need zinc to hold around this $30k level to support the general zinc market.

Seems like they trying to focus on the high grade feeder structures and prove there's some copper along with the zinc and lead.

MRE sometime this year will be interesting. Not sure exactly when they're going to produce it or when the cut off for assays to be included will be?

Yes, I suspect they are focusing on the high grade feeder structures because they are looking for copper along with the highest grade intersections. Obviously the more impressive the MRE, the better the preliminary business case. If all goes well the second half of the year will be a transformative one for RTR as what they actually have at Earaheedy will become much clearer.

 

[greggles]

Gap filled today. 18c the low. Not much movement overnight on base metals that i can see. Volume over the last two days has been a little heavier than usual. Someone in the know about something I wonder?

 

[brerwallabi]

Alarm bell was ringing RTR at 18cents
Bought some today at 18.5cents can’t see it dropping any further unless the whole market collapses.
Quite often I am wrong.

 

[Sean K]

Alarm bell was ringing RTR at 18cents
Bought some today at 18.5cents can’t see it dropping any further unless the whole market collapses.
Quite often I am wrong.

It's getting very cheap looking on what they might have in the initial MRE. $120m MC for something like $12b value close to surface?

 

[greggles]

I have been noticing that pure base metal plays are getting sold off a little harder than miners that are digging up lithium, graphite or REE. Rare earths and battery metals are much sexier minerals and the outlook for them is more bullish. Base metal plays are more linked to the global macro economic outlook and things there are a little more uncertain.

Base metals will shine again. Once the grey clouds have lifted and western economies are on the road to recovery we will see companies like RTR re-rated.

 

[peter2]

While there's little doubt that the Earaheedy project holds a massive Zn + Pb (+Cu) resource it's going to take a lot of time to outline an economical production profile. They've been drilling for years and haven't produced an initial MRE yet. They keep saying it's coming.

Now that the price is back near the lows it's possibly a reasonable long term investment for the gamblers. Price can go lower. It's going to require massive capital investment and this means a huge dilution for current and prospective shareholders.

Trading volume is increasing as medium term holders are capitulating (selling) at prices below 0.20. This does indicate that there's someone buying and it would only be long term investors.

 

[brerwallabi]

While there's little doubt that the Earaheedy project holds a massive Zn + Pb (+Cu) resource it's going to take a lot of time to outline an economical production profile. They've been drilling for years and haven't produced an initial MRE yet. They keep saying it's coming.

Now that the price is back near the lows it's possibly a reasonable long term investment for the gamblers. Price can go lower. It's going to require massive capital investment and this means a huge dilution for current and prospective shareholders.

Trading volume is increasing as medium term holders are capitulating (selling) at prices below 0.20. This does indicate that there's someone buying and it would only be long term investors.

Holding an original purchase bought almost two years now which is now a free carry, added a few more this week, in this for the long haul hopefully not too long.
I do remember when they raised capital couple of years back the price shot up.
Possibly here the volumes been sold off might be influenced by investors who paid around 50 cents two years ago who have finally ran out of patience and seeing an MRE is not going to be in this financial year it seems.
Any news coming out has seen the price go down.

 

[Sean K]

This is earlier than expected. Good luck to holders. Hopefully a surprise to the upside on a good day for the ASX.