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Rockland Resources Ltd C.RKL

Rockland Resources Ltd. is a Canada-based exploration stage mineral resources company. The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. The Company is focused on exploring its 100%-owned Beryllium Butte Project in Juab County, Utah, over 185 kilometers (km) south-west of Salt Lake City. The project is prospective for beryllium mineralization hosted in claystone volcanic tuff breccia units and located only 30km west of the Spor Mountain Mine. The Company also owns 100% of the Cole Gold Mines Property, which hosts high-grade gold mineralization in a classic Red Lake-type structurally controlled gold deposit environment. The Cole Gold Mines property consists of over 28 claims totaling 568 hectares (ha) located in the prolific Red Lake Mining District, accessible by road from the town of Red Lake. The property is 30 km west of the Cochenour, Campbell, Red Lake Mine Complex on the Pipestone Bay Deformation Zone.


CSE:RKL - Post by User

Comment by lifegoesonon Jan 20, 2022 10:40am
121 Views
Post# 34337251

RE:Slow and Steady ... executing perfectly !!!

RE:Slow and Steady ... executing perfectly !!!PYR, I agree, because of the low number of shares outstanding (31M) and how they financed RKL (small $400K IPO a $0.10 then a $2 M rasie at $0.20) and now another $2M raise at $0.20 after optioning Elektra (Lithium), it is early days, first need to close the PP, then conduct air and ground studies, then drill. The timing is perfect for a April to summer release of results, and if the results are good, I am sure this will be financed at higher non dilutive prices. But if results are bad, RKL will become another play that didn't quite make it.

Bottom line, one has to believe. I expect the buyers today are those building a larger position withouit paying too much for it. It all comes down to if you believe this is a $0.50, $1 or $2 plus stock, if you don't believe, you will sell, and if you believe, you will hold and exit at much higher prices.
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