RE: Succinct informative worthwhile rns18 Aug 2021 09:50
It's interesting to see how the market has changed over the years, and now seems flooded with a herd of younger chasing the heat, sentiment and volume in the day or week rather than being actual investors -
I always thought of the stock market like dragons den but we have to go and find the pitches - then afterwards be and investigator that picks apart any possible risks, then lastly time out entry and wait for the predicted future to play out.
As far a rock goes, I try to always share the key information that fits into that way of looking at things - 10 mil Mcap
555m is now 750mil+ ( from previous RNS that due diligence would find )
2.5% of a 5km x 3km target all covered by 500ppm soil samples
Every other indication of being a large copper deposit
Already proven copper
I'm in - Investigator - do they have enough cash, why haven't they drilled yet, how did rock get so lucky to get the licences?
The recent funding expanded the size of both campaigns after the placing 10 weeks before - over funded
The copper price was 1/9th in the 70s - as the demand for copper has risen, large mines have increased production, but we can see world wide that's not sustainable and to meet demand new large copper discoverys are essential - £10-£30bn+ at current copper prices is a substantial find - in Australia - majors don't go buying licences, they wait for smaller companies to make Discovery's and that's what rocks about to do.
Lastly timing, 2-3 months while valued at 10million with plataue news due after yesterday's pointings to new targets - and surely updates in-between
Once the previous proven copper is reconfirmed - the discrepancy between the 750mil+ and 10mil valuation will fill, and investing is asking what does the future look like, for ROCK is sit back and wait for them to bring back the already discovered copper every 30 meters, piece together long copper intervals and hopefully increase the overall grade by re finding the 2.8% - the campaign will drill the previous holes and more - solid investment currently undervalued
Silly of them to not to include more information from previous RNSs and the most recent video presentation heavily highlighting the grades from previous drilling in each drill hole, to make the 122,500t with core samples up to 2.8%Cu