Rumble Resources (ASX: RTR)
Wilson Asset Management has tipped Rumble Resources, with it’s growing zinc assets, with a A$40 cent target price.
The current market price is just 18 cents.
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Rumble Resources | ASX : RTR |
Stage | Exploration |
Metals | Zinc, lead, silver,copper |
Market cap | A$119 m @ 19c |
Location | Wiluna, Western Australia |
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Rumble Resources Tipped by Wilson Asset Management
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Rumble Resources (ASX: RTR)
Wilson Asset Management, based in Sydney, has tipped Rumble Resources, with it’s growing zinc assets, with a A$40 cent target price.
The current market price is just 18 cents.
Rumble is focused on the Earaheedy Zinc-Lead project, located some 110km northeast of Wiluna, in Wstern Australia.
They declared a maiden resource for Earaheedy in April this year of 94Mt @ 3.1 per cent Zn+Pb and 4.1g/t Ag (at a 2 per cent Zn+Pb cut-off). This resource places Earaheedy as one of the largest zinc sulphide discoveries globally in the past decade.
Interestingly, the large maiden resource came only two years after the initial discovery hole, which is quite an achievement.
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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Disclosure
At the time of writing the author holds shares in Rumble Resources
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