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Rathdowney Resources Ltd V.RTH

Alternate Symbol(s):  RATHF

Rathdowney Resources Ltd. is a Canadian company, which is primarily focused on developing and permitting its 100%-owned Olza zinc-lead-silver development project in Poland. The Olza zinc-lead-silver development project is located in the Upper Silesian Mining District of Poland, historical drilling indicated the presence of extensive Mississippi Valley-Type zinc-lead deposits in the project area. Project Olza is located north of the nearby Pomerzany Mine. The Company intends to advance project evaluation and development planning and to support permitting as outlined for projects in Poland.


TSXV:RTH - Post by User

Bullboard Posts
Comment by edxon Mar 31, 2015 6:47pm
60 Views
Post# 23584073

RE:RE:RE:RE:RE:The next 500 share blocks go to...

RE:RE:RE:RE:RE:The next 500 share blocks go to...Just had a brief look at the presentation and fact sheet. Those are some impressive grades and thickness, but if you look at the drill map those holes are all within a 100 meter radius, so it's definitely premature to say they have anything worthwhile.

Starbuxxonpender also makes a good point that the concentrate shortages are likely to be pronounced in Europe - not so much North America. Transport is always a cost factor in resource development so there might not be a ready market for Nevada based zinc production.

But all of that is irrelevant really. If you were to invest in it now, I would suggest it to be an exploration play only. You are speculating that they have other great drill results which will increase the SP at which time you bail out. I don't know if I"m confident enough that I would go in for the long-term.

On the bright side, it could be a "stars align" situation - they release a bunch of really positive drill results after Century (finally) closes down which causes a spike in zinc prices. So far high-cost Chinese miners have done a good job of delaying the much fabled zinc deficit story - but there are only so many of those idled mines left and probably not enough to prevent a Century Mine closure from significantly impacting the zinc price.

It's interesting but too speculative for my tastes; and I say this heavily invested in a company on the venture exchange, heh. 

Bullboard Posts