GREY:RVRCF - Post by User
Post by
factRbeston Jul 20, 2018 8:52am
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Post# 28343404
This is how Rob introduced Red Mountain to the World
This is how Rob introduced Red Mountain to the WorldThe project already has a measured and indicated resource of 435,400 oz. gold at 8.4 grams per ton, plus an additional 140,000 oz. gold at 5.4 g/t in the inferred category from when it was explored by Lac Minerals in the 1990s, which McLeod says is enough for development.
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All that work was done already
Tht is 573,000 ounces of gold out of the gate.
So to move the 140,000 ounces to indicated and add another whopping 130,000 ounces they spent 4 years and printed 500,000,000 shares.
At 8 grams per ton do people realize how little amount of rock that is?
But Rob never missed a mining conference no matter where it was in the world.