Post by
Laurentia2222 on Nov 19, 2020 8:46am
Not just an explorer any more
Reading through some of the comments over last year or so and one common theme is that investors seems to think this company is spread too thin, has too many shares out, has been unsuccessful in exploration succes. While all of these may have truth to them i think we are all missing the point here. RCLF is in a transformation stage with private backing ($30M) to go from strictly being an explorer to advancing towards a producer. They have tranformed their management team to include some of North Americas most experienced mine builders and are potentially creating a whole new model of mineral extraction - low capital, innovative methods to get value out of high-grade narrow-vein deposits. Its a gamble, but its a calculated one and one that if works out over next couple of years can put this stock in the dollar range regardless of shares out or any other financial factor. See quote from CEO below from Oct shareholder update:
"It is our belief that with the PEA results being available shortly, shareholders in Rockcliff will see first hand what the team has been able to generate to create wealth out of a number of small narrow vein deposits known for sometime, yet remaining undeveloped with traditional approaches. Should the PEA be successful, Rockcliff will have unlocked a niche position for itself where near surface, narrow vein, steeply dipping deposits can be turned into wealth for society."
These guys are NOT marketers or stock pumpers, they are experienced mine-builders who were brought here for one reason - to turn these deposits into wealth and i personally dont see them failing on this.
Comment by
Martyboss on Nov 19, 2020 11:04am
I am hoping that what they have said will come to fruitation also. I will jump in if the interest builds on this stock and share price is .12 to .15 but right now there is very little interest in this stock. PEA might push stock to .09 .10 cant see it going any higher with 307 million shares out.
Comment by
ggrellette on Nov 24, 2020 4:01pm
If u r correct on your predicted price then many sellers will be selling.
Comment by
Martyboss on Nov 24, 2020 8:56pm
Seems to be whats happening thus the .065 shar price.
Comment by
Martyboss on Nov 25, 2020 10:51am
With HBM running out of ore at 777 would be nice to see HBM Step up to the plate and announce something good for Talbot because I don't think they bought back into Talbot just to let it sit.