RE:RE:RRS is building an amazing resource estimate !Up to now... we have not seen 1% of the resources on the property. With H alone... thats more that we could sale in 10 years. H shows great prospect for high value. We will see in the next week. H is really exciting and that is a good reason to buy now.. before the first drill on H is out. It might get some people come in here and spam the board and other boards and then... will be harder to buy huge chunk at fair price. Not to sure about any market caps speculation... but a dont see risk below 20cents... as it appears to be the worst thing the most pessimistic poster has suggested!
PriceIsRight wrote: RRS is defining a 20million+ tonnes of silica quartz resources at 95%+ purity and the market didnt yet realize that ! incredible opportunity to accumulate on the cheap. but the market always get it right at the end, so now its just a matter of time.
Read more at https://www.stockhouse.com/companies/bullboard/v.rrs/rogue-resources-inc#53IcJ8T0XjpX592B.99
This size of silica depostit like that can and I say CAN worth aound 15m$ and only if you develop a process to do a hight value product.
LeMarcus statment are more credible here.
By the way, historical Hight purity silca deposit have generaly low tonnage......higher is the tonnage....lower will be the grade.
Silica deposit are massive structure....it is not like a gold vein.....generaly the grade are very consistent, I will be surprise if the other drill hole will bring better result, it should be in the same average of the first one.
The best scenario for RRS should be to intersect smaller section with higher consistent grade. it is not the case.
I came here last saturday to chat and try to know more about this play. The only one who seem to know what is exactly this play is LeMarcus and he gave me all info that I need.
I will not post again and reply here except if I discover information who can bring real value to that play.
I chat with one of my good source over the week end who know exactly the value of silica.....like the cost table that I posted....if some drill intersection ( not chanal sample ) was at 99.9%, you can reach a retail value at 5000$+ per tonne.....and become a major play......up to know, early result show a minor play....
Good luck to all.