Bullboard - Stock Discussion Forum Rupert Resources Ltd T.RUP

Alternate Symbol(s): RUPRF

Metals & Mining Gold

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

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TSX:RUP - Post Discussion

Rupert Resources Ltd > So now at Ikkari site alone we have now extended the strike

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Post by PACO2 on Jan 28, 2021 10:07pm

So now at Ikkari site alone we have now extended the strike

to 650m X 200m wide X 500m deep = 65,000,000 cubic meters
Allow 1.65 T per cubic meter = 107 million tonnes
Take an average of 3 grams per T
107 million X 3 grams = over 10 million oz in the ground with easy pit access
@ $150/oz in the ground value = $1.5 billion US
This is 3X our current value.....Just for Ikkari deposit
GLTA

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Comment by Nodga2000 on Jan 29, 2021 5:42am

Thanks PACO I like your back of envelope maths and probably underestimates just how undervalued RUP is! Gold ticking higher and made a "higher low" this month, so looking bullish. Hopefully we'll add another green bar today to finish off a good turnaround week. PACO, did you check out the copper play MARI (Marimaca Copper)?

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