OTCQB : RFRHRF

Discussion in 'Penny Stocks' started by Rickydi, Feb 23, 2021.

  1. Rickydi

    Rickydi Member

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    Join us

    Depth Display By Price

    Bid Count.........Bid Size.........Bid Price.........Ask Price.......Ask Size......., Ask Count

    9......................200,000.........0.07..................0075...............36,000................3

    4......................57,000...........0.065................0.08................83,000................3

    5......................106,000.........0.06..................0.085............. 114,000..............3

    4......................30,000...........0.055................0.09................125,000..............2

    4......................130,000.........0.05..................0.095...............85,000...............5
     
  2. Rickydi

    Rickydi Member

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    Buy Recommendation CSE: RFR OTCQB: RFHRF

    Renforth Resources, a Canadian-focused mineral exploration company, is both asset- and cash-rich with a collection of four 100% owned gold and battery metal projects within the Abitibi Greenstone Belt, a world-class mining region, with three projects in Quebec and one in Ontario.


     
  3. Rickydi

    Rickydi Member

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    Technical opinion for CSE: RFR OTCQB: RFHRF

    20 Day Moving Average ............BUY

    20 - 200 Day MACD Oscillator ..BUY

    50 - 200 Day MACD Oscillator...BUY

    200 Day Moving Average...........BUY

    200 Day Moving Average...........BUY
     
  4. Rickydi

    Rickydi Member

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    More TECHNICAL indicators are '' BUY''

    20 Day Moving AverageBUY...........................20 - 200 Day MACD OscillatorBUY

    50 Day Moving AverageBUY...........................50 - 200 Day MACD OscillatorBUY

    150 Day Moving AverageBUY..........................200 Day Moving AverageBUY

    100 - 200 Day MACD OscillatorBUY................100 - Day AverageBUY

    Volume: 247,191
     
  5. Rickydi

    Rickydi Member

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    Are you ready for RFR.CN RFHRF OTCQB
    330,000 shares on the offerings from 0.08 to 0.11¢
     
  6. Rickydi

    Rickydi Member

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    https://motherlodetv.net/index.php/gold/

    Renforth Resources: Gold plus Battery Metals in Quebec

    On August 24 Renforth (RFR.C) put out a news release detailing “positive assay results from the 2021 portion of the >15,000m drilled into the wholly owned Parbec surface gold deposit in Malartic, Quebec, contiguous to the Canadian Malartic Mine.”

    Nicole Brewster, Renforth’s CEO, is a very straightforward, no-nonsense person. Where other companies would be touting 9.5 meters of 4.66 gpt gold as a “game-changer”, Brewster called them “positive”. Understated is one way to describe the release. But that is how Brewster wants to present Renforth and the Parbec results.

    “There was not a lot of traction from retail,” said Brewster in a phone interview. “Right now the retail market is pretty dead. In time the value will be recognized.”

    Part of the value in the Parbec property is the gold values it contains, but another value element is where the property is actually located. Right on the property line of the Canadian Malartic gold mine, Canada’s largest open pit gold mine operated jointly by Agnico Eagle Mines Limited and Yamana Gold Inc. The Canadian Malartic mine has an estimated mine life extending to 2039. However, large gold mining companies are always on the lookout for additional gold resources to extend the life of their mine but also to improve grade and throughput for their processing facilities. A well-defined gold deposit right next door is obviously very attractive.

    Brewster’s strategy is to define that deposit. “So far we have not gone down very far,” said Brewster. “Our program had 3 goals for the drilling and we’ve had good results across the board. We successfully filled in some gaps in our model with new drill holes and, as we drill deeper we’ve been getting good results. We’ve also drilled twinning holes so that we can validate historic drill results and incorporate them into our model.”

    “This is the first larger scale deposit that I have ever done,” said Brewster. “Parbec has never been modelled structurally, we have been working on grade alone. Our success in this program leaves lots of targets and work to do at Parbec”

    Like a lot of mining CEOs, Brewster is frustrated at the COVID impacted pace at the assaying labs. “So far our holes have been delivering high metal values, but we still have 10 holes to be assayed. The lab is very slow and I expect we’ll get those results later in September.”

    Brewster is looking forward to the remaining assay results and additional modelling work. I suspect that geos at Agnico Eagle and Yamana are also eager to see the results. Making a bid for Parbec before the market realizes what Renforth actually has there would make a lot of sense to a major. Say thirty million now versus three hundred million when the property is completely derisked. However, it might also make a lot of sense to a mid-tier developer. Lots of potential suitors.

    Renforth is in the happy position of having cash in the bank (as well as marketable securities) as the result of the prior sale of the New Alger property to Radisson Resources back in 2020. While Brewster is eager to get results, Renforth does not face the cash pressure many junior explorers experience.

    Which means that Renforth can also advance its Surimeau District Battery Metals Prospect a little to the west of Parbec and adjacent to the Malartic West property.

    “Right now, we have perhaps 30% of the results from 15 drill holes in a 3,456m maiden drill program, completed in April 2021, drilling off 2.2kms of strike within the ~5km long Victoria West Target area,” said Brewster. “We want to evaluate all the data from the holes we drilled. But we also want to fly a detailed magnetic survey. We know there are sulphides in the magnetic anomaly,” said Brewster. “We’ll fly it tight with a purpose-built drone which will also be taking very detailed pictures as it flies.”

    “The drone is amazing,” said Brewster. “It has proprietary programming and it knows when its batteries are getting low. When that happens, it flies back to base, has its batteries hot swapped out, and then flies back to exactly where it left off. The operator brings lots and lots of batteries. The advantage of the drone over a helicopter is that the drone flies to exact headings at exactly the same altitude. Which means we get much cleaner data much faster, with less environmental impact.”

    Surimeau is interesting as it has, within the 260 km2 property, both a gold element and nickel, zinc and copper present, plus a few more minerals. Looking for the battery metals add another dimension to the property. A battery metals deposit with gold credits is a potentially more attractive property than a smallish gold deposit on its own.

    For Brewster it is not about the promotion, it is about the work.

    The market has not quite realized what Renforth has. The company is trading at $0.07-$0.085 for a market cap of around 18.3 million dollars. A good hole or two could double that overnight.

    Disclosure: I hold shares in Renforth bought in the open market and I may add to my position, or trade some of it, at any time.
     
  7. Small time investor

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    I will be adding soon. Too good to pass up.
     
  8. Rickydi

    Rickydi Member

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    • Interview with Nicole Brewster, President & CEO of Renforth Resources
     
  9. Rickydi

    Rickydi Member

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    I'm loading my 54ft Trailer
    Got some other groups to join.

    Agnico seems to be curious about Surimeau. 5Km suface anomaly....they are also watching for the last 10 holes assays for Parbec.....with these out it will set the amount on the cheque
     
  10. Rickydi

    Rickydi Member

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    Interview with Nicole Brewster, President & CEO of Renforth Resources……Portfolio presentation

     
  11. Rickydi

    Rickydi Member

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    Renforth Resources (CSE:RFR)(OTCQB: RFHRF)

    Finding Nickel & Copper in VMS Structure From cruxinvestors.com

     
  12. Rickydi

    Rickydi Member

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    Work at Surimeau about to begin
     
  13. Rickydi

    Rickydi Member

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  14. Rickydi

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  15. Rickydi

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    Renforth Resources to begin airborne survey at Surimeau

    2022-02-16 11:47 ET - News Release


    Ms. Nicole Brewster reports

    RENFORTH EXPLORATION UPDATE FOR BATTERY METALS, LITHIUM AND GOLD

    Renforth Resources Inc. has shared the following update on its upcoming project activities with shareholders.

    Renforth will resume field operations this week at its 300-plus-square-kilometre Surimeau district property in northwestern Quebec, working to advance its approximately six km long Victoria West polymetallic battery metals system as well as copper and lithium occurrences on the property as detailed below. At the same time, its Parbec gold deposit is currently the focus of the structural geology group Renforth has retained to do the first-ever structural study of this property which straddles 1.8 km of the Cadillac-Larder Lake fault zone, with a surface gold resource identified over a portion of that distance, which also encompasses Renforth's discovery of a splay of the break into the Pontiac sediments to the south of the Cadillac break.

    Surimeau district property

    1 -- Renforth's 912 line km airborne mag and EM (electromagnetic) survey will commence flying later this week. The flight lines will cover the approximately six km strike of Victoria West, the Colonie showing in the east and the unexplored approximately 14 km between the two mineralized areas which are joined by the approximately 20 km long magnetic anomaly. In addition, flight lines will extend to the north to include the LaLonde area, where polymetallic mineralization has been drilled historically over a strike length of approximately two km, verified by Renforth's own surface sampling. Upon completion of the survey, the data will be compiled and interpreted as part of the target selection process for the next round of drilling, likely to commence in March. At this time the assay results for six of the seven holes drilled prior to Christmas are still outstanding, those results will be released once they are all received.

    2 -- The northern part of the Surimeau district property, formerly referred to as Malartic West, hosts a copper/silver discovery made with an 8.08 per cent Cu grab sample in 2018 (refer to press release of Sept. 4, 2019); this is now a surface exposure of approximately 165 metres of copper and silver sampling. Please note that grab samples are preferentially selected and not illustrative of the whole of the mineralized system. In order to continue exploration on this discovery several test lines of induced polarization will be run over the known mineralization and stepping out from it in order to guide future exploration, likely to consist of limited stripping.

    3 -- The Surimeau district property hosts numerous pegmatites, several identified by Renforth's own geological team in the field and historically documented. In several instances lithium is also present in the same location. To date Renforth has not focused on lithium at Surimeau, instead the polymetallic battery metals package of nickel, cobalt, copper, zinc, platinum and palladium which is present in six known areas of the property have been the focus, specifically at Victoria West. Renforth is now broadening its exploration efforts on this vast property to include lithium. In order to do this, it will first reassess samples which it has on hand that returned above-background lithium values as part of its standard testing of samples. Several of these samples, including from the north of the property and the Victoria West area, will be assayed with a lithium specific assay package. In conjunction with Aline Leclerc, OGQ, one of Renforth's technical directors, the company's geological team is planning a prospecting campaign. It is anticipated that this will include returning to the northern part of Surimeau where Renforth noted the presence of pegmatites and samples returned lithium, as well as to the south of the property where pegmatites were noted in the field and are documented historically, within or in proximity to the Decelles batholith, which have not been sampled. It is anticipated this work will take place in the spring.

    Technical disclosure in this press release has been reviewed and approved by Francis R. Newton, PGeo (OGQ No. 2129), a qualified person pursuant to National Instrument 43-101.
     
  16. Rickydi

    Rickydi Member

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    $RFR Renforth Resources broadening exploration efforts at Surimeau project to include lithium

    @RenforthRes $RFHRF #RFR

     
  17. Rickydi

    Rickydi Member

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    Renforth Resources Inc CEO Nicole Brewster tells Proactive the group has outlined exploration plans for its 300 square kilometer Surimeau District battery metals project in Quebec, which includes a new hunt for lithium at the vast property. Brewster says that meanwhile, a 912 lines kilometer airborne mag and electro-magnetic survey will begin this week, covering the around 6km strike of the Victoria West target and covering the Colonie showing and the unexplored 14km area between two mineralized areas joined by a 20km long magnetic anomaly. It will also include the LaLonde area, where polymetallic mineralization has been drilled historically over a strike length of around 2km.
     
  18. Rickydi

    Rickydi Member

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    Zack’s Small-Cap Research has produced their initial coverage report on Renforth, with the target expressed in USD (25 pages to read)

    https://renforthresources.com/wp-co...Zacks_SCR_Research_01272022_RFHRF_Ralston.pdf

    Further, the comparable companies have been narrowed through quantitative factors, specifically those companies with a market capitalization between $5 and $50 million and with positive working capital. This process captures a range of well-funded junior exploration/development mining companies, which are listed in the table above. Currently, the P/B valuation range of these comparable companies is between 1.4 and 7.1. With the expectation that Renforth’s stock will attain merely an industry average P/B ratio of 3.6, our comparable analysis valuation price target is US$0.12.
     
  19. Rickydi

    Rickydi Member

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  20. Rickydi

    Rickydi Member

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    LEVEL II
    Depth Display By PriceRFR / Last Updated: 14:43:15 ET

    Bid Count............Bid Size..........Bid Price ...........Ask Price ..........Ask Size.........Ask Count

    2........................146,000 .............0.07...................0.075................333,000...............9

    6........................441,000..............0.065..................0.08 .................286,000...............5

    8........................322,000.............. 0.06 ...................0.09.................65,000.................2

    2 .......................98,000................0.055...................0.095...............30,000.................1

    3.......................122,000.............. 0.05 .....................0.10................ 139,000...............4
     

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