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Regulus Resources Inc V.REG

Alternate Symbol(s):  RGLSF

Regulus Resources Inc. is a Canada-based international mineral exploration company. The principal project held by the Company is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project is located approximately 600 kilometers (km) north of Lima and 50 km northwest of the city of Cajamarca, on the world-class Miocene Au-Cu-Ag belt of northern Peru. The AntaKori claim group is located immediately adjacent to the Tantahuatay high-sulphidation epithermal (HS) Au mine (Compania Minera Coimolache, Buenaventura-Southern Peru); 7 km NW of the Cerro Corona porphyry Cu-Au mine (Gold Fields); and 32 km NW of the Yanacocha HS gold mine (Newmont-Buenaventura), all within the prolifically mineralized Yanacocha-Hualgayoc mining district in the Department of Cajamarca. It has completed 31,666.99 m of drilling on the AntaKori project. The AntaKori project hosts a resource with indicated mineral resources of 250 million tons and inferred mineral resources of 267 million tons.


TSXV:REG - Post by User

Bullboard Posts
Comment by auwhore2on Sep 20, 2011 3:40am
253 Views
Post# 19060237

RE: RE: Fill Yer Boots

RE: RE: Fill Yer BootsHey FG. Sorry for the slow response. Due to lack of interest on this board I don't check it every day.

I don't know if pump is the word but yes Casey has a buy on REG but they are saying under a buck.  Drill results/ resource est etc could change that but today thats where they are hoping to buy on the dips.
Since the drill results are not out they suggest given the volatile markets to be patient and wait for the day when everyone is fleeing (not grandich, but reg) to buy. Nice theory if it works but I will surmise there is an iceberg effect happening with many more buyers waiting just below the surface. Like I said, if it gets below a buck it won't be long there.

As for copper prices, of course that is a risk, but there is some margin of safety built in here and the suggestions I hear is that the north east zone may be more Lindero like which to me suggests more gold.
As for strip ratios you should ask 15002post. I am sure he watching this site but maybe send him a private message. I am sure you will get an honest opinion from him.
Cheers
Bullboard Posts