GREY:RNKLF - Post by User
Comment by
prospector001on Sep 29, 2018 1:28pm
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Post# 28714917
RE:RE:Gold mania phase approaching for RNX ...
RE:RE:Gold mania phase approaching for RNX ...You have got to realize that despite the fact that this news is earth shattering to those of us that follow this stuff and know a little bit about how to read drill results, etc., the average person - investor even - only sees the interesting fact that a company has made a significant gold discovery and has found some big gold laiden boulders.
The story will likely evolve over the next weeks and months with more and more gold being discovered and projections of value growing over time. Market mania can only grow with every news release/discovery reported.
I have no doubt that given this discovery, and the fact that the company already has a proven resource of nickel and cobalt, the market cap should be well north of 1 billion, however how long it will take to get there is anybody's guess.
GLTA!