Rockfire Resources Share Discussion Threads

[bigboots] 13/9/2024 14:28

You were all warned.... This is going to get worse.... and not sure it can get any better

[greenrichard] 13/9/2024 11:01

Likely to be a leak of a placing as they have low cash according to their interim results.

[algernon2] 13/9/2024 10:42

No idea yet, Worrying somewhat?!

[browngirl] 13/9/2024 10:40

why the drop guys

[blueball] 13/9/2024 07:42

Different Drum by Linda Ronstadt. 1967.

[bigboots] 12/9/2024 11:38

Price and his cronies should be in prison the way he has suckered in shareholders and investors.....

This aint going to turn out nicely.....

[2magpies] 09/9/2024 10:06

Results.

Different venue, same orchestra, and the same tune.

[2magpies] 06/9/2024 15:44

The only 'deposit' ROCK (all the way from its Papua Mining 'PML' days) has ever kept an eye on was the $$$ in its deposit account!

I would be amazed if a chunky fundraise does not land any day.

First it was super-massive copper what-have-you in Papua New Guinea, then it was untold Oz of Au in Outback-faraway, and now it Geraniums (opps, sorry, ... Germaaiiniumm) in Greece.

What next? Goblins in Greenland??

I reckon, all told, PML/ROCK has raised well over £30m over the years!


And to show for it??

Well ......... hmmm ............ yes..... exactly!

[manual dexterity] 05/9/2024 11:32

Rockfire Resources – Exceptional Resource Upgrade

Earlier this week AIM-listed @Rockfireplc announced an impressive 500% increase in its resource estimate at its 100%-owned Molaoi Zinc-Lead-Silver-Germanium Deposit, located in Greece.

This dramatic increase in the scale of the project has seen Rockfire’s share price rise by 50%, however, the company’s market cap stands at a paltry £6 million.
Background

In May 2022, Rockfire established a resource estimate of 250,000 tonnes of contained zinc equivalent. Continued expansion drilling over this intervening period has culminated in this week's updated resource estimate of 15 Mt at a grade of 9.96 zinc equivalent for 1.5 Mt of contained zinc, of which 1.35 Mt is contained within sulphide.
Gold Equivalent

If Molaoi were a gold deposit instead of a zinc deposit, the company would have just increased the size of the deposit from 286,000 ounces of gold (Eq) to a deposit that contains 1.6 million ounces of gold (Eq) in the sulphide.

The above figures are based on a gold equivalent calculation using the current zinc and gold prices of US$2,846/t and US$2,488/oz, respectively.

Could you find a listed company that had defined 1.6 Moz of gold, less than 400 meters from the surface, at a gold equivalent grade of 3.9 g/t with a market value under £6 million. I do not think so.

But that is just the proposition that Rockfire now poses.

Ref: Dr Ryan Long

[jlondon] 05/9/2024 11:22

Dr Ryan Long has just put out his note. It is on Twitter.
Dr Long was the Head of Edison Research but now set up his own mining analyst firm. It is also on the other forum at ROCK. 5.9.24.

[jlondon] 05/9/2024 01:49

---------Rockfire Resources: "Out of the Ground Podcast by Paul Johnson",4.9.24
hxxps://x.com/pauljohnson9691/status/1831333447379386782 4.9.24 Podcast.

Quote: "Absolute cracker RNS. 500% increase in resource JORC. Zinc in situ US$4.3 BILLION. GERMANIUM in theory US$389 MILLION.----US$4.7 BILLION VS £5M MKT CAP."
"Market missed it. Opportunity come to the fore. Multi-bagger potential."
Paul also mentioned the time of the Rockfire Resources RNS -think it was noon+.
Paul also gives the prices of zinc and germanium and the sizes of the resource. Have a listen to the short full podcast.

[jlondon] 05/9/2024 01:43

---------Rockfire Resources: "ALLENBY fair value 2.6p/sh"----------
"Estimates 1 of the world's Top 20 undeveloped zince prospects. Only 2.1km of the 7km potential strike tested. High recovery rates. Share price 0.225p."- UK Investor Magazine, 4.9.24

hxxps://x.com/UKInvestorMAG/status/1831287783345811523 4.9.24
See the rest of the Allenby note from UK Investor Mag. 2.6p vs 0.225p=10x plus [above].

[manual dexterity] 04/9/2024 13:05

Superb grades and this resource can get even bigger.

[manual dexterity] 04/9/2024 13:04

Rockfire Resources PLC (LSE:ROCK) shares soared 27% after announcing a big upgrade to its mineral resource for the Molaoi zinc-silver-lead project in Greece.

It increased by 500% to 15.0 million tonnes with grades of 7.26% zinc, 1.75% lead, and 39.5 g/t silver, translating to a zinc equivalent of 9.96%. This figure includes 1.09 million tonnes of zinc, 260,000 tonnes of lead, and 19.1 million ounces of silver.

Additionally, the deposit contains germanium, a geologically rare metal, with a quantity of 105,700 kilograms at a grade of 21.9 g/t.

This metal, currently priced at $3,681 per kilogram, adds a potentially valuable component to any future zinc production from the Molaoi site.

Rockfire highlighted that the upgrade puts Molaoi among the top 20 undeveloped global zinc deposits in terms of tonnage, grade, and zinc equivalent metal content.

It noted that the deposit's full potential has yet to be fully explored, with 2.1 km of a possible 7 km strike included in the current resource model.

"Expanding the Molaoi resource to become such a globally significant deposit with more than 1 million tonnes of zinc, is testimony to the tenacity, hard work and sound geological understanding of, and application by our technical team,” chief executive David Price said in a statement.

[pinkdiamondlover] 04/9/2024 12:59

500% increase in resource announced today from ROCK

[stevebrrr] 04/9/2024 11:50

Interesting upgrade RNs'd.
Will monitor this as this has the hallmarks of a monster deposit. Hmmm.

[tomboyb] 04/9/2024 10:20

Indeed -

Further drilling could additionally increase this world class deposit -

Very significant -

Buy on weakness -

[pinkdiamondlover] 04/9/2024 10:13

Thanks for that Tomboyb. Had not spotted the part re with only a fraction of the potential strike length. It is already top 20 globally. Balance sheet look's good too. This really should move higher over next few days into weekend as more people see and then into next week if media pick up on. Have invested and once have chance to re read this evening if all still looks good will add again tomorrow.

[tomboyb] 04/9/2024 09:57

Just the beginning Ed -

Thanks for the analysis -

With only a fraction of the potential strike length included in the current resource estimate, further drilling could substantially increase the deposit’s size.

Next EEE -

[edgein] 04/9/2024 09:51

These guys had 250k tn of Zn eqv back in March/April and were targeting 400k tn Zn eqv. So today they have announced 1.5m tn of Zn eqv so well exceeding their 400k tn target. The contained metal values have moved close to $5bn, so you could say looks interesting for a £6m company. Using a cut off of 4% Zn is quite high too. Market still has to twig onto this one from the looks of it.



Regards,
Ed.

[manual dexterity] 04/9/2024 09:38

Rockfire Resources PLC has announced a significant 500% increase in the JORC Mineral Resource at their Molaoi zinc/silver/lead deposit in Greece, now ranking it among the top 20 undeveloped zinc deposits globally. The updated resource not only contains over 1 million tonnes of zinc but also a considerable amount of lead, silver, and the critical metal germanium, presenting a potentially valuable by-product. With only a fraction of the potential strike length included in the current resource estimate, further drilling could substantially increase the deposit’s size.

Just the beginning here. Exciting times ahead.

[manual dexterity] 04/9/2024 09:37

!FOLLOWFEED


Rockfire has continued its focus on the Molaoi zinc/silver/lead/ (+/-germanium) deposit in Greece, which is shaping up to be a significant project, not only for Rockfire, but also for the nation of Greece.

[manual dexterity] 04/9/2024 09:35

Delete thread.