NR's I'm very hopeful Royal does a much better job on forthcoming NR's. NR's are an opportunity to market this play as well as provide updates. The last NR was particularly weak. I thought this was a missed opportunity to educate the market of assets and the plan for the drilling program. To me it sounded very bland ... like they are kicking over rocks looking for "stuff". I know they’re not … it’s just the sense I got from the NR.
What I thought the last NR could have looked like.
- Geology team has identified "high value targets" in the pyritic sediment horizon in the lunnon Basalt.
- New mobile drill is in place at A zone and is actively drilling "high value" targets.
- Geology team has developed a plan identifying 96 ( random number) high value target zones, more to be added as the plan develops and more is known about the shear intercepts.
- 3 other drill teams will target ....
- All 4 drill teams will be running 24 hours a day 7 days a week.
- Each drill team is capable of producing "x" meters per day. Drill hole depth is targeted at between 250 - 500 meters.
- As soon as the first 30 core samples are complete we intend to update. Target 60 days???- Anticipated completion of a full model of the property expected to be completed by target Oct 2019???
- Drilling will not impede the mining production. We will continue to have mining operation running at full capacity.
- Based on Fathers day vein, 540 meter extension, and the HOF discovery we are very excited to have the opportunity to identify additional high value targets and coarse gold.
Forth coming production update
- Perth update. Amount processed to date. Amount to be processed.
- Additional specimens (bootleg)
- Mining is working nonstop capitalizing /pushin on the 540 meter extension from Fathers Day discovery.
- Number / type of drilling rigs in place. Where are they actively blasting
- We continue to see high grade gold in (insert which faces).
- What is the plan for all rigs.
- Production updates will be provided on a Monthly basis starting Dec 1st.
- We will be exploiting finds as they occur from the mining or drilling program.
When they come across other “big” discoveries, they could surprise the market with the riches!
I'm sure a linguist could make this look much prettier, but you get the gist.
Put some marketing in every NR. The market wants to get behind this. Provide confidence and assure RNX is doing everything possible. Ensure the market RNX has a plan of attack and are committed to exploiting and expediting this resource. To be perfectly honest I have no idea what the mining teams are currently doing. Are they still mining by chainsaw? Call me crazy but I don't feel like MikeyMike, Geodan, DrSilbergleit (CEO website) should be the best source of what they have and what’s going on.
For Gods sake. IF the mint is causing a delay in mining operations please say so, and don’t fall on the sword for them. If that’s the case ... what can RNX can do to mitigate this issue. Other refining facilities ... prerefine on site ... I'm not sure what the options are.
I am VERY hopeful my concerns are all for not. The production update will answer all questions and life will be grand.
BTW ... nice to see support on the SP this morning.