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Bullboard - Stock Discussion Forum Rupert Resources Ltd T.RUP

Alternate Symbol(s):  RUPRF

Rupert Resources Ltd. is a Canada-based gold exploration and development company. The Company’s principal focus is Ikkari, which is a gold discovery in Northern Finland. Ikkari is part of the Company’s Rupert Lapland Project, which also includes the Pahtavaara gold mine, mill, and exploration permits (Pahtavaara). The Rupert Lapland Project is located within the Central Lapland Greenstone Belt ... see more

TSX:RUP - Post Discussion

Rupert Resources Ltd > The $1b resistance
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Post by Nodga2000 on Nov 13, 2020 9:49am

The $1b resistance

Once again RUP struggling to push on beyond $6 which coincides with $1b mkt cap. With yesterday's smashing drill results not being enough to push us on, I wonder what it will take?
Comment by goldanalyst on Nov 13, 2020 4:20pm
I think the market has fully priced in drill results. As you correctly pointed out we are already at a one billion MC. The market needs a mineral reserve estimate. I assume they plan on providing one sooner rather than later. Once we get those numbers then we will know if a billion is too high or too low.
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