RE:New to board @Lapolice : Welcome to the board of this multi-bagger in the making stock ! I second developbc opinion/remarks. I will add the following :
1- the nickel project is very promising in the medium run (2-3 years from now) when nickel prices recover. The iron project is interesting in the long run (at least 5years from now) I dont expect a recovery of the iron prices anytime soon due to fundamental desiquilibrium between demand and supply, the market is simply extremely oversupplied with cheap iron, unlike Nickel promising demand needed to build lithium ion bateries, I am bullish on nickel).
2- the company is now rightly concentrating its efforts/money on the most promising project for cash flow in the short run (1-2 years from now), which is the high purity high volume ridge silica project.
3- Most RRS investors are for the time being either putting zero or very small value on the nickel/iron project. In other words the stock price valuation is taking into consideration only the silica project prospects, which means we are getting the nickel and the iron projects for free !
4- the nickel and iron projects are another reason to own RRS stocks, they act like insurance money, they make the company highly derisked, management could if they want sell their nickel and iron properties and cash-in now, but they prefer to wait when their time will come and realiaze the full value.
5- the nickel and iron deposits are another reason why RRS stocks are extremely undervalued. When they start developing the silica project and nickel prices recover at the same time, it will be the perfect storm for the company and their lucky shareholders. the market cap will be revalued accordingly and the multi-bager will just keep multiplying in value.
I said it many times and I will repeat it, very few TSX.V investors are fully aware of the real value and potential of RRS, that is why the stock is still ridiculously undervalued. This is a very rare opportunity for retail investors to make serious money while taking very little risk in the junior mining industry. Generally it never works like that, if someone wants huge rewards, he needs to take huge risks. the Risk/Reward opportunity with RRS is simply unheard of in the mining exploration industry. I guess it has to do with a combination of factors (low nicke/iron prices, depressed junior mining market (fifth year recession in a row) and a secretive/unknown for investors high purity quartz market).
Smart long term oriented investors are accumulating this stock at these low prices and when its time will come (IMO very soon starting with anzaplan results) those waiting on the sidelines will have to pay a lot higher prices to get in. But the plane will take off at any moment now, its a question of when not of if !
Happy silica investing to all,
Lapolice wrote: I have been following Rogue Resources for a little over a year now. I am very excited about the potential future of the silica property. Quick question: I never see posts regarding the other two properties RRS owns. Nickel has been on the rise and I don't see a reflection of this with the share price. The company does have three properties but I only see posts about one? Thank you, Glta