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“This discovery highlights the continued potential for new gold discoveries on the Company’s licences in the district scale gold trend which it has discovered in the Longford-Down Massif. The new anomaly is in addition to the series of potentially multi million ounce gold targets already discovered by the Company along the trend.
I look forward to receiving the results from the ongoing drilling programme on the Company’s licences and to the proposed joint venture with Demir Export A.S. (“Demir Export”) progressing to final documentation.”
Some laughable predictions below.
Once the JV is concluded - CGNR will be bottom left to top right for the years that's follow. Dyor
The additional capital from this Placing will enable sustained drilling at our Copperhead and Copper Dome porphyry projects in Queensland and provides the company with opportunity to expand our exploration at either or both projects, as required. Our planned, inaugural drilling at Copperhead continues to advance, with all drill pads now complete. Sufficient water for drilling has been sourced and a drilling contract has now been signed for an imminent start to drilling."
I was surprised and frustrated that there was an additional placing after we were told all campaigns were fully funded - we fell from 10 - 8 million Mcap but now have a II on board, funds to expand the drill campaigns at both copper assets with the first to start "imminently" to quote the Monday RNS -
The discrepancy between the 8million Mcap Vs reconfirming what was previously found to be worth 750mil+ and then to continue to expand into the rest of the 97.5% of the orebody is rediculous with the copper already proven to be there + copperdome which all historic drill holes ended in copper, just to so a magnetic survey and find out we just need to drill deeper to hit the two significantly large targets ( 0.23% Cu for 88meter even while missing by 200meters) + plataue which after 5+ years of development is close to generating profit + merengo currently available for JV partners
Chances of success couldn't get higher at copperhead as we already know it's there with previous grades up to 2.8% Cu , with also high likelihood of success at copperdome - ROCK won't be valued anywhere near 8million after both copper campaigns
Dyor to confirm the above, ATB
Drilling to commence any day now
Just reconfirming the previous copper found will value the 2.5% that will be drilled at 750million+ and derisk the rest of the 97.5% of the magnetic orebody - the markets sleeping on rock because all of the past was about plataue which is now close to being profitable after 5+ years of development
It's the copper assets that will add significant value to the current laughable 10 million valuation
Morning all
We rose from 0.80 - 1.20 in anticipation and shortly anticipation will be met with the 2 rns due didn't that arrive week. Tracks have been cleared drill rig is on site and were 8 days into laying the drill pads, drilling to start very soon.
9 mil Mcap Vs 10bn+ worth of copper at copperhead with proven copper at commercial grades - DYOR as always, the two upcoming copper campaigns have high chances of success to add multiples of value to ROCK current market capitalization -
Sub 10mil Mcap Vs copperhead campaign to start within days to derisk 10bn+ worth of copper ( before the target doubled ).
A complete no brainer with copper interspersed ever 30meters to depths of 300meters in all historic drill holes, with grades up to 2.8% Cu
Surely to follow by waves of negative posters for the usual 2 or 3
319mil funding to produce 190k Oz per annum
Gold up - we haven't had signs of any real trouble, only the opposite - half way through July and soon to start receiving the funding were waiting for.
"Our preparation for diamond drilling at Copperhead is progressing well with access track reestablishment well underway. Drill rig mobilisation is anticipated as soon as the access tracks and drill pads have been completed. In the meantime, a camp, core yard and logistical base has been established in anticipation for drilling.
https://twitter.com/Rockfireplc/status/1413016140440170498?s=19
My pleasure, all my comments are to aware others were there is value - there's a company behind the SP that has gone up and down - all the spikes over the last 5 years were around plataue which is now close to being profitable for ROCK and due an RNS last Thursday to expand around the current scoping study
And shortly after 18months of magnetic surveys bringing back large ore body's, high rock chip samples over the historic drillings commercial grades were now funded to reconfirm the copper that copper that was previously found -
The 5% drilled portion previous drilled at copperhead was valued at 555m in 2019 - since the target has doubled and the copper price has risen
The previous drill holes at copperhead all intersepted copper and ended with copper and then the magnetic survey found two giant targets right underneath there previous drill holes
https://twitter.com/Rockfireplc/status/1413016140440170498?s=19
https://twitter.com/Rockfireplc/status/1413419754249854978?s=19
Hi mate, tracks have cleared to site, drilling pads are being laid which is the last thing to do and drilling should start within days
Rocks previous drilling results have come as quick as 6-8 weeks but generally it will take 2-4 months for results
Completely agree - the JV is derisked to happen - CMRS is a fantastic investment and the JV will be concluded within with next 14 weeks
The last placing was to fund first campaigns at both copper assets
Over the last 5 years, the spikes to 2p we're due to positive developments at plateau - which I keep saying is nothing very special but now has had a scoping study complete showing it can/ will become profitable to rockfire
But now we're drilling at the copper assets for the first time after 18-24months of magnetic surveys, rockchip and soil sampling - we're waiting for a RNS that drilling has commenced at copperhead which was worth 10bn+ before the copper target double with proven copper in the historic drilling up to 2.8% cu - bringing back commercial copper at either campaign will be company making for rock while less than 50% of its 5 yearly highs and undoubtedly in a pivotal time that will see the 2p resistance broken for good - after a commercial discovery at either 5p+ 50mil Mcap will be my minimum target after a multibillion copper find and I'm not selling a share until results at both - both with high chances of success
https://twitter.com/ConroyGoldplc/status/1413450376141889544?s=19
https://youtu.be/sRX_zWr3Irs I recommend everyone to listen to latest video presentation to get up to speed - 25 minutes in they start speaking about the copper assets - 29minutes in "we've found copper, we know it's there"
https://twitter.com/Rockfireplc/status/1413016140440170498?s=19
https://twitter.com/Rockfireplc/status/1413419754249854978?s=19
Track cleared, drill rig at site and preparing drill pads
Potentially upwards of 10bn copper at copperhead
Then copperdome
10mil Mcap - do the maths people
https:// t.me /joinchat / BnZARo96YkA4YTg0
https://twitter.com/Rockfireplc/status/1413419754249854978?s=19
Thanks wise investor - anyone who looks at the facts of the potential upside wouldn't be able to disagree - the 555mil for 5% would be 10bn+ but the target doubled and the copper price has risen - no ramping, just the facts
Then there's copperdome and rocks two gold assets
I dont think Demir would have even progressed this far if they thought there'd be issues with Mining.
Bear in mind we're talking about a massive company with vast financial & research resources.
Some of the posting here is ridiculous & highly I'll informed, as even a cursory investigation would reveal.
"The Company proposes to develop a conventional open pit gold mine on 20% of one of these major gold targets – Clontibret, located in County Monaghan. The area has a HISTORY of mining and was known as the Armagh–Monaghan Mining District. The mines included lead, zinc and copper mines as well as the antimony mine. A large open pit gypsum mine is CURRENTLY in operation in County Monaghan."
https://www.conroygoldandnaturalresources.com/projects/mining-ireland
The valuation gives us a x4 bagger straight away but uses a $55 bbl base oil price which is heavily discounted in a rising market. Currently around $75bbl.
Also doesnt touch on the 2 BILLION barrel proven basin that Block XX extends into.
Compare that to the current mkt cap!
Heavily derisked now too.
With news due tomorrow on plateau and copperhead drilling about to start - if he was informed he would know Rock are in the strongest position in there history and at a trasformative time for the company as we finally drill at the company makers