Post by
Wangotango67 on Dec 21, 2021 2:08pm
THOUGHTS -
Sometimes the greatest avenue to respect is making the other want you al lthe more.
Jealousy, can be wonderful tool if applied correctly.
Same goes for a - junior with gold.
High grade gold - lots of it, but haven't the valuation that matches ?
Perhaps luring in other interests nearby could be the missing lik to RLG's success.
I went on a search for more RLG videos - tried youtube but it appears it hasn't been loaded with fresh content.
Scanned the RLG bullboard and another poster loaded a recent video - a video that has the info that i was on the hunt for. ( more intel on - RGL's bulk sampling )
April 2021 Video - speaks about bulk sampling
https://www.youtube.com/watch?v=uS04kFMyM5U
it also mentions - Evolution - wanting to take that walk about RLG's claims to see what they have. This is new info and something that propigate into something.
But.... should RLG take that tempting path that has a 30% hook ?
By the sounds of things - the bulk sampling could project outward tacking on another year.
Time is precious.
This project has already seen many years pass under the bridge - sitting nearly on the same size resource as when first started - minus - small drill programs over the past few years.
Making it a long waery road -
Could there be other options ?
Or... is RGL satisfied to play the backseat driver and wait upon another with 30% stake /
Scanning the Red Lake district - I see there are other competitor peers and producers that are mining and one other that is on the near term road to actually mining.
Trillium Gold - hasthe Newman Todd claims directly below RGLS's claims.
Thier Newman property has the NTS zone.
Couldn't help but think of RGL's NT zone....
They haven't done much with their Newman claims.
Premier turned to Equinox
sitting with an approx 1.1 mil ounces.
0.85 gram grade.
Yamana on the eastern side of Red Lake -
has about 1.3 mil ounces with around 1 gram grade.
First Mining - Spring pole deposit - open pit.
3.8 mil ounces
0.97/grams per tonne
Treasury Meltas - a bit of a distance away - southerly of Red Lake
2 deposits
- Golund - 840k ounces ( 260,000 ingerred )
- Goliath - 1.2 mil ounces ( 256,000 inferred )
Pure Gold
PureGold has defined a 2.1-million-ounce Indicated Resource (7.2Mt @ 8.9 g/t gold) and a 0.5-million-ounce Inferred Resource
Pure Gold - has caught my interest.
Near same grade and with an operating mine.
Taken a few bumps but appears to be gaining momentum with super gold grade intercepts.
What am i thinking ? (BUCKLE UP ) lol
Asdie of RGL needs to revamp their 43 101
And reveal potential other minable minerals in thier ores such as, cpper or zinc,
And besides updating shareholders with cut out 3D maps along with pin points of
where they're planning bulk samples
And... perhaps provide more detais on their stratigraphy ( geologic columb )
I would love to see what these new dril lintercepts look lke in comparision to the main vein.
Though the main depoist is said to be near - vertical....
I can't help but think.... the deposit has more of a pancake format with several pancake lenses.
After all... if they're hitting more gold on all sides of the Rowan, could this deposit be moreso
quasi with numerous veinlettes ?
ifit were just one maon vein on the - Rowan - how does one explain away all the other intercepts near surface and easterly of the main shaft ?
Ahhhh....
Which is all the more reason for RLG,
to update al lthier intel ( data ) and bring trhis multi puzzle into a pictoral exprewssion -
which i'm sure shareholders would love to see to make sense of things.
To exapnd on - other options -
i couldn't help but think the what if ?
What if RLG just proceededwith their bulk sample - asap - and shipped off samples to 2 other peers that - might want to team ?
- Pure Gold ( my first choice )
Treasury Meltas my second - on fringe of production.
Doesn't hurt to attract more interests.
I'm not partial to a 30% interest that may suffer RGL for a few more years.
Hate to see a string along outcome.
RGL should take a more proactive stance.
Sprucing up thier data and attracting other interests wouldn'y hurt - instead - it provides - contingency measures.
BILK SAMPLE AT SURFACE ?
Right path or ?
BULK SAMPLE BELWO GRADE - ROWAN MINE ?
Yeah.... that kind of bulk sample - could prove more positve.
And .... the possiblity of - mining it themselves.
RLG - is an explorer, with intent to prove deposits and sell. ( former track record )
BUT.... have they ever mulled over the idea of - flitstone operations ?
Blast - Scoop - Mill - Concentrate and shipp off for final extraction ?
Could they team with another - 2 mentioned above ?
On average - Red Lake producers run an approx $1200/ per ounce cost.
What would it look like if RLG split the profits with another with the minine equipt ?
Gold = 2160 - $1200 = $960 split between two
= $480 each
Helluva lot better than - $150 / ounce in which RLG recently mentioned in video.
1.1 MILLION OUNCES
X $480
= $528,000,000
~ 200 MIL SHARES
= $2.64 share
That's how you bring the bang ot this stock.
Now.... what's stopping RGL from pissing away time and shares trying to achieve
2 million ounces - years later - vs- running this model and getting down to business ?
Last thought ?
What's stopping RGL from doing this with - Evolution ?
Ahhhh....
Didn't RGL say Evolution has 3 mills in the vidoe above ?
Something for - RGL - to chew on.
Not investment advice, but rather,, something for the junior to mull over.
Such a shame ot see 1.1 million ounces just sit tyhere and little junoor trying to achieve 2 million ounces with near 200 mil shares out. There's gotta be a better way -to bring shareholders the best value - right ?
Cheers.....
A junior can pump out 10 videos a year....
But, if they're drill data is not compiled into a revised resource estimate along with maps and visual aides - it won't have the impact it so deserves.
Lovde this reosurce.
High grade - existing shafts.
Just neewds gresh new ideas - with - proactive measures.
.