Member Info for Wiseinvestor23

https://www.barchart.com/stocks/quotes/ROCK.LN/opinion

https://youtu.be/y7TwDsm2tUE - referenced video

https://youtu.be/sRX_zWr3Irs - 24minutes in they start speaking about both copper assets

Frustrating for them to say imminent and then leave it 18 days - all good, commencement next week

Copper refinery*

Copper price 1/9th of what it is today when drilled in the 70s

And as mentioned- rocks past 2p spikes were about plateau. Plateau would never have kept rock at a 20million valuation. ( current 2021 scoping study shows different paths to producing 3-10mil per month - I hope just get left open to jv partners for open cut production with 1 of the 4 gold refinery’s with 50kms)

Goldman sacks recently posted a video called copper is the new oil - stating that the increased copper demand has been met by increasing production at existing large mines - but that to continue to meet demand more money will need to be put into developing new mines and exploration.

750mil+ for 2.5% of copperhead is significant, a £30bn copper discovery in Australia is significant- re read my previous posts to see the chance of success at both. Largest copper mine is Australia is 170kms away.

Always do your own research to reconfirm the facts shared - 13million valuation is tiny for rocks current stage in development and likelihood of upside from both copper campaigns

Good morning

That precisely why I’m here - all of rocks history has been about the gold assets

The copper assets was acquired 24 months ago and since have done everything a junior needs too - soil sampling returned 500ppms at both copperhead and copperdome - high grade rock chip samples at both, copperhead returned a 5km x 3km magnetic orebody right we’re the historic drilling took place, and copperdome two giant targets right underneath the previous drilling.

And now we’re finally about to start drilling both - the argument of we don’t know until we know again, is fine with me. I wish rock didn’t have the gold assets and was a brand new company with just the two assets.

As you say, after drilling and expanding, then we’re viable to JV partners and buyouts, the later my preference. It’s fact what was previously drilled hit copper every 30meters to 300meters depth and that made the 122,500kt estimated resource - in this campaign we are reconfirming that and expanding.

Completely different this time round now the copper assets are coming into the picture. My sharing is to aware others, I’m certainly not a pump and dumper and I share information on shares that will move with or without me, and I like to aware others before they do.

Always do your own research too, it’s your money.

Couldnt*

Would not*

https://www.lse.co.uk/rns/ROCK/copperhead-upgraded-to-122500t-copper-equivalent-bw10e1w1kfmx0oc.html

Has this copper gone anywhere? No

Is the copper price 50% higher than then? Yes

Are we drilling in the same spot, and then expanding to were they have an even more accurate idea? Yes

Has the 2.8% copper gone anywhere? No

What's the risk/ chance of success here?

Covert that to AUD

I appreciate your opinion - all of rocks history was about the gold assets, and anyone who bought into any of the 2p spikes were inexperienced and could put plateaus fundermentals into a calculator to see rock would never have maintained a 20million mcap

The copper assets on the other hand have already proven copper, that’s why I’m here - just you said, you can wait until they reconfirm what is already proven - it will be rerate not a spike, and at multiples of today’s 12million valuation investors will be say hmmm 750mil+ for 2.5% of the target, and only valued at 50million? Seems like good time to buy

From my research that I share, we can see not only they have proven copper already found, but ever other indication of a large copper deposit - if they didn’t I would be here

Dyor - atb

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." 17 days ago

We're about to start drilling to reconfirm the previously found copper currently worth 750million + ( was worth less than 100mil when drilled in the 70s )

https://www.lse.co.uk/rns/ROCK/copperhead-upgraded-to-122500t-copper-equivalent-bw10e1w1kfmx0oc.html

https://www.lse.co.uk/rns/ROCK/magnetics-doubles-copper-target-at-copperhead-4trms3azztd61my.html then target then doubled

Copper was hit every 30meters to 300meters - previous grades up to 2.8% that we will also find again - https://youtu.be/sRX_zWr3Irs 29minutes in "we've hit copper, we know it's there"

750mil+ for only 2.5% of the target with funds to continue expanding ( potiencially 30bn+ worth of copper at copperhead alone )

75million Mcap would be just 10% of the 750million+ already proven copper after reconfirmed, before expanding into the other 97.5% of the orebody

They have ever required sign indicating to a large copper deposit -

Rockfire is aiming to define a large-tonnage copper deposit. Porphyry copper deposits globally typically demonstrate the following characteristics, which are also being observed at Copperhead:

· Kilometre-scale geochemical footprint and geophysical signature

· Grade ranging from 0.35 % Cu (Genoveva, Chile) to 1.39 % Cu (Grasberg, Indonesia)

· Strongly influenced by faulting and fracturing

· Associated with other elements (silver and molybdenum in the case of Copperhead)

· Lengthy intervals of visible copper minerals in drill core

· Well-developed alteration assemblages

· Sheeted "D-veins" (late-stage, sheeted, mineralised, quartz-sulphide veins)

https://youtu.be/y7TwDsm2tUE

Market unaware of the current position and highly likely upside

+ 2nd copper campaign at Copperdome 2 targets, largest target bigger than Havieron - with proven copper also, all holes ending with copper and then the magnetic surveys showed we drilled right above the large targets - 23%Cu rock chip samples - equally high chances of success

https://www.lse.co.uk/rns/ROCK/3d-processing-pinpoints-drilling-targets-wu7r4o3yg64keji.html

So why are we still only valued at 12million?

Because all of rocks history has been about the gold assets. After 24 months of owning the copper assets, soil sampling (500ppm+), rock chip samples up to 23% and 2 magnetic surveys doubling the size of both assets, were now in a completely different position - recent Institutional Investor allowed additional funds for expanded drilling campaigns at both this year, both comp

https://www.barchart.com/stocks/quotes/ROCK.LN/opinion

16 days ago

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."

https://www.youtube.com/watch?v=bBemhQM9w7U

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."

The multi billion dollar Demir corporation will be a lot more clued up about the potential in CGNR, than any random 'experts' here ;)

They seem pretty motivated to progress the project and with the limited number of shares in issue, the price here will absolutely rocket on the JV confirmation.

Thanks for the cross ramp - fully aware of both and there issues

11mil Mcap 750million for 2.5% with 30bn+ worth of copper at copperhead alone - with already proven copper ever 30meters to 300meters with grades up to 2.8% - fact

Copperdomes largest target is bigger than Havieron - fact

There isn't a bigger bargain with higher chances of success than rock at the current prices

David Price, Chief Executive of Rockfire, said: "This is a significant development for Rockfire, these new funds strengthen our balance sheet and will facilitate an expansion and acceleration of our drilling programme at a time when both the gold and copper prices remain at historically high levels. 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."

All of rocks past has been about their gold assets - I almost wish they didn’t have them. Ruffly 24 months ago rock acquired the two copper assets ( recommended to re back at there progression) they since have found 500+Ppms ( 10x higher than kavs ) high grade rock chip samples up to 23%Cu, both assets have every indicating sign of large copper deposits and both assets targets have been doubled by magnetic aerial surveys.

Only now are we about to start sustained drilling campaigns at both.

Copperhead in the 70s was drilled and given a 122,500t copper maiden resource ( rns June 2019 ) with a in ground value at the time of 555m for 5%, the copper price is 50%+ higher now and then the target doubled in January 2021 -750million+ for 2.5% of the total target after copper was found every 30meters to 300meters depth in all drill holes - previous grades up to 2.8%

Already proven copper that we will reconfirm and we’re still only valued at 11mil while the market thinks we’re still focusing on the modest gold assets

High chance of success at both copper assets
Copperhead potentially 30bn+
Copperdome a largest target is bigger than haviron and also has already proven copper

Bottom floor before reconfirming the 750mil+ of proven copper and derisking the other 97.5% of the orebody to contain commercial copper -the 750mil+ and the 2.8% hasn’t gone anywhere - rock will rerate to new 5yearly highs after highly likely success at either of both

Why I'm invested

We're about to start drilling to reconfirm the previously found copper currently worth 750million + ( was worth less than 75mil in the 70s when drilled )

Copper was hit every 30meters to 300meters - previous grades up to 2.8% that we will also find again

Only 2.5% of the target with funds to continue expanding ( potiencially 30bn+ worth of copper at copperhead alone )

My 75million Mcap would be for 10% of the 750million+ before expanding into the other 97.5% of the magnetic orebody

We have ever required sign indicating to a large copper deposit

The future looks like large copper demand and continued uptrend in prices ( globally ubiquitous opinion )

Market unaware of the current position and potential upside

+ Copperdome largest target bigger than Havieron - with proven copper also, all holes ending with copper and then the magnetic surveys showed we drilled right above the large targets - 23%Cu rock chip samples - equally high chances of success

10million Market valuation

David Price, Chief Executive of Rockfire, said: "This is a significant development for Rockfire, these new funds strengthen our balance sheet and will facilitate an expansion and acceleration of our drilling programme at a time when both the gold and copper prices remain at historically high levels. 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."

By the nature of the imminent last Monday - I’d expect drilling to start this week.

The markets completely sleeping on rock and the fact the the copper assets are finally coming into play - both with already proven copper - the proven copper at copperhead is now worth 750million+ for just 2.5% of the target with funds to drill more than that - 75mil mcap target for me after reconfirming the 750mil+ at copperhead - then copperdome - fully funded for both campaigns, the gold assets the furthest developed in rocks history and at the bottom floor

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."

Looking forward to this party getting started, 750mil+ for 2.5% - I have a personal target of 75million Mcap of reconfirming 750m+ before we expand futher - excluding copperdome - the market still unaware of the upside of either campaign and still look at Rock as plataue dominate as it has been when looking at the 5 year chart - ROCK is due a rerate to fill the discrepancy between the 10mil mcap and 20bn+ upside of copperhead alone now the copper assets are coming into play

Rns for Commencement of drilling at copperhead due
Rns for plateau expanded

Proven copper valued at 750million+ for just 2.5% of the total target - we will reconfirm what was previously found - previous grades up to 2.8%Cu the we will find again throughout the sustained drilling -

Currently 11mil mcap + 5p minimum target after success at either copper campaign- both with already proven copper

The previous 5% drill portion was valued at 555m

https://www.lse.co.uk/rns/ROCK/copperhead-upgraded-to-122500t-copper-equivalent-bw10e1w1kfmx0oc.html

5% = 555m - 100% = 10bn+

Then the target doubled

https://www.lse.co.uk/rns/ROCK/magnetics-doubles-copper-target-at-copperhead-4trms3azztd61my.html

Copper prices has risen 70% since 2019 molybdenum has risen more than 100% ( more commen than not molybdenum is found is major copper deposits )

This campaign at copperhead will be reconfirming what was previously there with an in ground value of 555m at the time - now valued at 750mil+ with the now high metal prices and since the target doubled its 2.5% of the total magnetic body - reconfirming commercial grades will confirm the 5km x 3km magnetic ore body to be commercial ( previous drilling was with drilling and sampling technology 50 years old - new technology will likely recover better grades )

Rockfire is aiming to define a large-tonnage copper deposit. Porphyry copper deposits globally typically demonstrate the following characteristics, which are also being observed at Copperhead:



· Kilometre-scale geochemical footprint and geophysical signature

· Grade ranging from 0.35 % Cu (Genoveva, Chile) to 1.39 % Cu (Grasberg, Indonesia)

· Strongly influenced by faulting and fracturing

· Associated with other elements (silver and molybdenum in the case of Copperhead)

· Lengthy intervals of visible copper minerals in drill core

· Well-developed alteration assemblages

· Sheeted "D-veins" (late-stage, sheeted, mineralised, quartz-sulphide veins)

https://youtu.be/sRX_zWr3Irs 25 minutes in they start speaking about copperhead "your struggle to find a better balls eye than that" "We've hit copper, we know it's there"

"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

Strongest position in rocks history now the copper assets are finally about to come into the picture - success at either which is highly likely at both will add multiples to the current mcap

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."

No leak

Drilling to start anyday with proven copper - 29minutes in https://youtu.be/sRX_zWr3Irs "We've hit copper, we know it's there" it's's really insightful for anyone doing there own research to briefly look over the titles of the RNSs over the last 3 years to see what it's taken to get Rock to this point

Fully funded for the first large campaigns at the copper assets

I keep saying that just reconfirming what was previously found will be valued at 750million+ for 2.5% of the target

Anyone is free to correct my maths on the increase from 555million compaired to today's metal prices ( copper expect to continue rising through to 2030 ) - my 750m+ is conservative - mainly not to be called a ramper when just displaying the facts

This is also based off 0.35% Cu - extraction technology will be 50 years further advanced so able to recover better grades

I will try find the RNS that states after all magnetic surveys they have a more accurate idea of were to drill also

+ copperdome and gold assets 9million mcap

Have a good day all