RE: A REALITY CHECK HERE TIMEWISE28 Mar 2025 12:26
Duster and Joli are correct - imho. This company has a way to go to prove the true value of what’s in the ground. This will take time and adequate funding. I’m not sure how much X-ray analysis costs, but assay drilling is quoted at $10,000 - $30,000 a day. These are figures quoted online. Taking a long term view here is reasonable, but the potential for further fund raising has to be factored in. With global tensions being as they are, and the EU’s policy to be self sufficient in critical metals, would central / government investment in Rockfire be a possibility? We know the EU has stringent rules in government intervention in industry and companies, but this is clearly a national interest issue.
I’m not dismissing the possibility of interest being shown from a big miner, but it’s likely to come after JORC compliant data.