Just a few comments on RIO.V PR last week, which contained several pieces of good news.
First, many of the drill results came in with assays higher than the grade for the existing resource report, going a long way toward substantiating RIO's idea that there are higher grade areas that can be exploited first to improve Fenix's economics.
Second, the trenching results also indicate that that higher grade mineralization extends to surface, covering an area not included in that Resource Report.
Eventually the market will get over the 'grade isn't high enough' delusion, a phenomenon we saw with RIO's precious incarnation that developing the La Arena mine eventually bought out by THO, and the share rpice will moving. In the meantime I keep adding more cheapies.
LC
