Renforth Resources Inc C.RFR

This is what will be.....

[Yepnewpapy]

Historical Au resource “ Parbec  & non compliant NI43-101
 
https://webfiles.thecse.com/sedar_filings/00014180/1811080801284742.pdf
 
 
Version Polygon….Radius…Tonnage t…..Grade g/t ….Au Ounces Contained
2018 (Inferred)…….25 m …..4,560,277….…2.29 ………….304,745
2018 (Indicated)…..25 m…....312,606………3.34 ………….30,437
2018 (Inferred)…….50 m…….9,659,636……2.33…………...656,875
 2018 (Indicated)….50 m …….368,105 ……..3.47…………..37,224  

                                                                          Total…..1,029,301 Au ounces in all categories

This resource is not yet included in the Parbec NI43-101 but twinning will allow RFR to include some of it if not most of…….
 
Parbec current 43-101 Au resource
…………………………………………..TONS…………………….TOTAL Au g………..Total Au Oz…………...g/t…..          

Parbec Total Indicated	263,230	952,317	33,592	3.62
Parbec Total Inferred	7,256,872	14,574,700	514,108	2.01

[arrowhawk]

The revised 43-101 will be the trigger. We have a four month baseline of a low of .08 with the volume drying up. Some seem to assume they can jump in, or add, when that spark ignites. Not likely there will be a lot available for single penny flips. Remind yourselves that 1.0 g/t is money in the bank. Parbec will sell but that is just the prologue. Our moon shot is made of green cheese!

[Yepnewpapy]

If you read about Canadian Malartic, they are operating the largest open pit in North America. The distance make it more expensive to process the ore at the mill nearby. CM  had a PR about the new project to keep working Developing the continuity of the deposit in the Canadian Malartic and Barnat pits through four main mineralized zones at depth (East Gouldie, East Malartic, Odyssey North

[arrowhawk]

Interesting papy! But 1.5 million oz. x $50.00 = $75M divided by 125M shares equals .60 a share. Now that won't happen but you've set a good floor. There is good information out there as to what gold in the ground, indicated and inferred oz. are worth. Analysts calling .19/.23 currently. Hell we've yet to reach the .13 that was last paid out. Maybe some of you with time on your hands

[Yepnewpapy]

Renforth Resources Inc (2) Symbol RFR Shares Issued 251,296,669

[arrowhawk]

My apology papy for using 125M in my calculation, it was stuck in my head from another holding I have. Still .30 cents a share is optimistic.  23 cents is current fair value for RFR. As Nicole says she has a lot of 'grey hair guys working on it. As for me waiting will not cause my white hair to get any greyer!  Cheers