EXPM:RLGMF - Post by User
Post by
Wangotango67on Dec 30, 2021 11:11am
218 Views
Post# 34270855
WHAT I'D LIKE TO SEE ?
WHAT I'D LIKE TO SEE ?RLG division the - Rowan - and crack a deal with Evolution - wrap the Rowan up - such should've been done at time of Evolution buying, Red Lake Mine.
Sift the historical drills prior to 2009 + all Hylake's drill s + RLG's drills - 1.5 meter intercepts and under - such could substantially add all the more ounces -
Sell the new tallied Rowan ounces - out the door - to Evolution - ingerred value.
the reality of RLG drilling out the Rowan to a M & I status at this valuation and share structure - would sink the ship. hence - if they want to bring value to shareholders at this phase - then... coming to the realization that each new round of drilling could counter the value of gold found by way of, all the more shares out.
To think, the inferred gold ounces at Rowan, are not seeing a fair market value.
Trilllium doesn't have a resource and is valued @ $0.72 cents.
Figure that one out.
Has RLG ever seen a proper valuation for thier gold ounces ?
Charts speak - it hasn't.
I would think RLG should be valued 10x higher than what is now.
Parting the Rowan from NT zone would allow RLG to continue the course - building the NT ounces out - they wouldn't suffer empty nest syndrome - away from thier stomping grounds for last 15 yrs... tease.
GC sold off thier 30% of RLG to Evolution.
Junior has been recycled while the gold ounces suffer the valuation.
WHERE'S TRILLIUM ?
Trillium is - working over the Newman Todd claims immediate south of Rowan, and perhaps on strike to RLG's NT zone - which just so happens to have the same Initials as Newman Todd - interesting.
I could see these two juniors - working the NT zone over racking up the ounces for Evolution - future tense.
Heck... if Pure Gold had a better valuation - it would be grreat if Pure scooped the Rowan ounces - Pure would need to see $1 then, consolodate their stock to see $4 a share placing them @ a tad over 100/mil shares out - then, use their shares as buying power to scoop the Rowan. But... that would be too perfect... ha. - I actually came across an ice road video on youtube and thought what if - RLG ran a concentrate ore across the Red Lake to Pure ? See what happens when one thinks too hard ? lol
Yup... RLG should mix things up.
Rowan infewrred ounces are showing a patina, looking rather vintage.
Rowan, has seen lots of years pass under the bridge - time to rethink thier strategy ?
Who knows....