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RTR - Rumble Resources

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I have been holding some RTR for a couple years now.
It’s time to add some more, if it drops to 20cents a good slice of it, even today it’s good value.
Might be tempted tomorrow.
 
brerwallabi said:
I have been holding some RTR for a couple years now.
It’s time to add some more, if it drops to 20cents a good slice of it, even today it’s good value.
Might be tempted tomorrow.
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With a longer term perspective, this looks great, along with CHN, which over-tanked today.
 
Wouldn't be stranger than other dog performers lately.
I'm perversely having a ball, more bids in to add to 3 of my s*t stocks today.
 
I'm surprised that RTR did not nothing but tread water all day. Still, I suppose there was no catalyst for it to move aside from a green day on US markets. Might be next month before we get any more news through so my guess is we still have a lot of sellers getting out in anticipation of more global economic turmoil in the next few weeks.

I still think the DJIA will get below 30,000 before the end of the financial year, so RTR may even get back to 25c. Might look at taking out a line of credit on the house if it does.
 
greggles said:
I still think the DJIA will get below 30,000 before the end of the financial year, so RTR may even get back to 25c.
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And under 30,000 she goes. There will be a lot of tree shaking today after another big red night on US markets. We'll get a lot of people bailing out of RTR who are convinced that there is more bearishness to come. Fear is starting to take hold.
 
Bottom at 26c? Volume is drying up and I think we're at the end of the EOFY tax loss selling.

 
greggles said:
Bottom at 26c? Volume is drying up and I think we're at the end of the EOFY tax loss selling.

View attachment 143216
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I have a really big volume spike on Friday of about 30m shares which upsets my chart. Agree there's probably some tax loss selling going on. Normally a good month to be a buyer, if the market wasn't still so unsteady. I've added to a few positions but haven't taken a bite here yet. This and CHN both beaten down excessively when they both do look to have very good long term projects.
 
Bounced right off 25c and now back over 30c. RTR was looking very oversold in the mid 20s considering what we already know they have in the Earaheedy Basin. Hopefully more news flow in the coming weeks will send it back over 40c. The big question is what will this week bring for the US markets? Are we in for a more sustained bullish run or was Friday just a dead cat bounce?
 
Five waves down in a nasty channel, looking for 34/35cents the first challenge, hopefully back in the fifties.
With markets maybe stabilising I can only see this going up based on what it has and future other discoveries.
Only I have been wrong a few times.
Adding more at 20 cents did not eventuate and thoughts of a few at 25cents disappeared as it accelerated back to 30.
Now will have to pay 30 if I want more another missed opportunity.
 
No Earaheedy news for almost two months, which is a little surprising considering how much drilling has been going on out there. A lack of news flow inevitably leads to a softening share price as punters exit to seek better short term opportunities elsewhere, and that is what has happened to RTR. The recent market rout hasn't helped matters and RTR has touched 24c today and is almost back to pre-discovery hole prices.

It does look like RTR is forming a bottom around 25c, but the downtrend is still intact and we will need to wait for confirmation. Volume has been very light recently.

News must surely be just around the corner.

 

MC back down to around $150m with a very large deposit, but we just don't know how big because of their unwillingness to cordon off a zone of the project to do an initial MRE to show what sort of scale we're looking at.

What's 100-120Mt @ 3.5-4.5% Zn worth on a back of a beer coaster calculation?

 
Sean K said:
What's 100-120Mt @ 3.5-4.5% Zn worth on a back of a beer coaster calculation?
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Gross revenue without taking into account any mining costs of around US$15 billion, so around A$22 billion?
 
greggles said:
Gross revenue without taking into account any mining costs of around US$15 billion, so around A$22 billion?
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Actually, I'd like to clarify that figure for accuracy and show a range from worst case scenario to best case based on 100-120Mt @ 3.5-4.5% Zn and using the current zinc spot price.

Worst Case: US$10.4 billion or A$15.4 billion
Best Case: US$16 billion or A$23.75 billion

Again, gross revenue without taking into account any costs. If I am wrong, please feel free to correct me.
 

Adds up to me. That's a lot in the ground at shallow depth so should be mostly recoverable depending on the met. Even 80% recoverable is a lot of $$.
 
It turns out news was just around the corner. Heritage clearance has been approved to explore the Sweetwater tenement and maiden RC drilling has now commenced on the Sweetwater Trend.

26,000m of RC drilling at the Tonka Prospect has been completed with 11,000m of assays currently pending. A further 24,000m of drilling is planned for the remainder of 2022.

So lots of assay results to be announced in the coming months.

 
RTR is one of the finalists in MiningNews.net's Explorer of the Year for 2022.

MNN Awards: Rumble's success could be bigger than Ben-Hur

RUMBLE Resources lifted itself out of the ranks of Australia's penny dreadful explorers in April 2021 off the news its Earaheedy Basin drilling had uncovered a rich, thick, zinc-dominated deposit and, while a resource is still some time off, the system just keeps growing.
www.miningnews.net
 

The ex-Weagle mentions an initial MRE won't be done till the back half of next year, so a lot of drilling to be done still.
 
Sean K said:
The ex-Weagle mentions an initial MRE won't be done till the back half of next year, so a lot of drilling to be done still.
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Yes, and hopefully by the back half of next year a much bigger resource as well. Bring on the assay results.
 
Quarterly Activities Report out. Four sets of assay results pending from various projects. Drilling ongoing at the Lamil Project JV and Earaheedy Project (RC drilling at Sweetwater and Tonka Prospects).

Cash position was $17.9 million at the end of the last quarter.

News flow between now and the end of the year should get more frequent as assay results are returned and exploration updates are announced.

 
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