Member Info for oilmanmike

Sharehead get over to Telegram for fantastic chat. Details above

MT head over to telegram where we have a fantastic char group full of like minded large holders who can see where Rock stock is heading. Search for Rock then fire emoji.
All are welcome

Metalhead the valuations are all based on just 10% of the market price as this is the likely eventual selling price for the asset

Metalhead you really do not know what you are talking about. Confirmation of historic results plus the deeper results will result in a Maiden JORC early next year. Have you any idea of the potential size of copperhead?

Proof of a Copper Porphyry system.
The latest core pic from DP earlier today
Clearly shows molybdenite and chalcopyrite at
350m, which is just above the crest is the high mag
Signal. Molybdenite only occurs in Copper Porphyry deposits. Therefor it’s presence in the core is proof of geology. The equivalent for an oil driller would be oil soaked cores. All geological info is pinned on my Telegram group

67p if DP has his Geology correct. Obviously that is the key question here. Details on Rock Fire (emoji) telegram group.

An uncrossing trade is where buyers on the bid and sellers on the ask match together in a single trade at the end of an auction period. The uncrossing trade shows up with the trade code “UT” on the London Stock Exchange. So still a buy between MM

Strummer it is a doubling of my effort to post here as well. You are welcome to join at any time as this board will descend into meyhem when they declare they have got the Copper Porphyry system they expect to. The group is a level playing field which is rare and the specific reason I set it up as I was fed up of those seeking to sway my mind with all sorts of nonsense. I was a pro fund manager for 15 years and Rockfire really stands out.
Strummer have you seen the March presentation and last weeks 1 hour last week. If not I strongly recommend you take the time out of your busy schedule.

Regards trading, as I said this time it has the fuel to sustain the rise with plenty on news in the run up to Christmas.
The difference this time is
1) Finally we are drilling big copper
2) Paul Johnson is well gone
3) The market has mis-priced Rockfire shares.

AND so the slightest whiff of Copper in the High Mag zone (we will be there now.) ie we have a Porphyry deposit and this will be somewhere between 2p and 3p IMO. That will be the beginning of the journey as it will take many months to prove up but many will have missed loading at 1p which then allows a derisk later (3p to 5p) and a free ride until the copper is sold.
DP is no fool and his BOD are there to insure maximum is attained for the shareholders
THIS IS THE WAY I SEE IT

The current market capitalisation, given the size and nature of the reward, is way too low for the risk here IMO.

The 130,000 oz Gold is worth 1.3p a share and provided a safety net over the medium term.

The Copper is absolutely massive and we know it is there. I note your concerns about extraction methods, possible JV going forward and future development of the deposit. This was all covered in the March Presentation: We will sell when the max exploration success value can be transferred to shareholders not potential future partners. DP intends to prove up Copperhead and Copperdome and sell to a Major Miner (there are 3 on the doorstep). The nature of these deposits is on a very large scale BUT the geology is not difficult to confirm. Selling the copper at just 10% of the market value runs into billions If the USGS and DP are correct. I have done the research and it is all pinned on my forum.

Strummer with regards to extraction methods, JV etc I have ALL of this covered over on my Telegram site. It is easy do you want the link. You will have to be fast as they will delete it here

STRUMMER THIS IS THE WAY I SEE IT.
“We have got copper, we know we have”
The first drill hole is testing historic grades down to 500m which is a 200m depth extension to historic drilling. The copper we ‘have’ in the 50 year old shallower drills come from a copper porphyry system lower down (think tooth diagram, if you are unsure the ‘tooth’ is important here). The red line in slide 21 of Tuesdays presentation is the target depth of 500m and as DP pointed out he is ‘very interested’ to see what is there.

From the second set of core pics in the same presentation (landscape frame) DP was keen to point out the two distinct types of mineralisation observed.
Vein hosted copper in the white quartz core and carbonates, specifically magnetite, in the pinkish rock, where the copper is dispersed due to the higher temperatures within the system. THIS IS ALL IN THE HOLE DOWN TO DEPTHS OF UP TO 300m. So It looks like we are encountering higher grades and high temperature mineralisation as depth increases. It seems extremely likely, with all the copper above the high strength zone, and the cores we have encountered to date in the current hole, that there is an intact Copper Porphyry system at depth and we are about to (may well already have) confirm that.
Don’t forget all the stream samples, soil samples, the bulls eye, the Helimag. Although you may not understand some of the detail (it gets pretty technical) the explanation by DP and a load of material I have pinned should help.

Copper Porphyry Deposits are large and this one is 6km x 3km with a 3km x 2Km sweet spot.
Of course one drill will not prove the exact extent but the confirmation of the system is a very important 1st step, followed by another 4 historic confirmation holes which will also go deeper. Then 4 step out holes. All of this is still a “tiny tiny tiny” part of the structure.
The 1st hole is proof of concept/geology here, which is why we are positioned over the crest of the high mag for this drill.
THE REST WILL BE HISTORY IMO.
Effectively this is exactly the same as an oil drill. Where they have just ‘cased the well and are poised above the reservoir. Cores from the high mag material at 500m are flow tests. Step out is the same.
Oil can sometimes actually be water as it gives the same seismic readings. High Strength at Copperhead could have been just rock but I THINK the cores we saw on Tuesday say otherwise.

Strummer thank you for you reply I will formulate an appropriate response and post shortly. Just so that you are aware I have followed ROCK for almost 3 years now. Previously I have traded it very successfully but this time I have come back for a large 7m share position which i shall now hold until we have transferred the exploration success value to the shareholders, and as DP always adds ‘ not to any JV partner. More later. Enjoy the rest of the morning SJ

Strummer that is all well and good but you have missed a couple of important points. The first centres around the current hole which as far as I can see is about to enter the high-mag copper porphyry ore zone, literally as we speak. You may have been in this a little while now is my guess and therefore have assumed the next spike will come with the drilling results in a couple of months. I am of the opposite opinion. I believe that the current drill is proof of geological concept. The cores will hit the lab any day now and when we prove there is a copper porphyry system down there this will take off and will not be retracing. I have bought and sold here twice before. This time it will not simply be a trade imo

Strummer come back here I got a couple of question for you or is it mission accomplished for you now we sub1p by a smidge. It will not last long IMO so better hurry up

Notice how proactive are using their (until now of late)!hot biotech platform the market the event.
Metals now obviously a hot sector

Strummer if only you knew how wrong you are. They are about 1 week away from sending the core at 500m to the lab. This will prove a copper porphyry is there. The rest will be history. I have a telegram group with 190 odd members accounting for 6% to 7% of the company. I invite you to join and discuss. If you hasn’t looked at the presentation I suggest you do. It would be remiss not to. Hopefully catch up later to discuss

Strummer we already got 208,000 of gold with a discovery cost of £6.
How would you like to see 10 to 15 hole on Copperhead and the same on Cooperdome

Midas get back in Telegram some big positions being taken.
Mando

Not sure it will take 2 to 4 months to drill 5 300m holes! 2 to 4 weeks more like IMO what you said is for the infill drilling at copperhead surely

Seagulls news is very close here. When it drops this will run to 2p except this time the warrants will not hold it back. These has been very significant progress made on gold over last 2 years and when rock finally breaks free of the shackles. Which have held it back it will rise to it fair value of 4p ish.
An unbelievably cheap company. Buy now while at bargain basement and gold for the ride of your life IMO