RE: Red Rock Australia [100% gold NEXT to Sunday Creek, SXG], Victoria. SXG is up 7.08% to A$182m for just 49% of Sunday Creek, Victoria, Oz8 Apr 2024 14:42
Thank you for Sunday Creek, Victoria, Australia |Presentation, Mar 2023. Institutions hold Southern Cross Gold, ASX, Australia inc Templeton etc.
LOOK AT PG 8/25 : SEE SUNDAY CREEK ---SEE NEXT DOOR IS KILMORE RRR AUSTRALIA.
Pg 11/25: 11KM mineralised strike.
Pg 9/25: 700m depth [My comment: Victorian miners in 1800+ could only reach to some 100m+]
Comment: So, anyone putting in £1,000 in RRR in 2010 would have got a potential return of £100,000. [0.25p to 23p @RRR 2010]. Even £100 would have turned into £10,000 then.
Today, RRR has a mkt cap of some £2.3m @0.06p/0.07p. To obtain the same potential multiple, it would need to go from £2.3m to £23m , then to £230m for the same effect as 0.25p to 23p [Paul Johnson tweeting a few days ago about RRR in 2010 as above]. HOW? WELL, ANY TIER 1 PROJECT would be in that sort of region as norm.
Any in RRR ie of that sort of potential? Yeah, a/c to me, IF RRR AUSTRALIA 100% achieved what SXG is at given their mkt cap of some A$172m just for 49%, then I think RRR Australia 100% in Victoria, Australia NEXT TO SUNDAY CREEK could be that potential. One never knows as Paul Johnson tweeted above a few days ago. DYOR. NIA. Mon, 8 Apr 2024.
RRR +18% after a buy of 31m for £19k this morning [0.06/0.07p , mkt cap £2.3m]