RRE - Rubianna Resources Limited

[Thumpa]

Rubianna Resources Limited

Time for a thread start .........

Shares on Issue : 32,100,010
Market Capitalisation : $9,469,503 (@29.5)

http://www.rubianna.com.au

RRE listed in December 2009 oversubscribed at 20c .
Currently around 4m in the kitty?

Gold exploration with drilling at their Ruby Well project just started right next door to SFR and DRM.
Crazy gold grades recently released from DRM drilling results. DRM shot up from 30c to 1.10

RRE looks interesting. Not many shares on issue , so could move a lot if they strike it lucky. Seem to be in the right area , if you look into SFR / DRM results so far.


From their 8th April ASX release :

About Rubianna Resources Ltd
Rubianna Resources Ltd is a Perth-based gold and base metals exploration company which listed on the ASX on December 9 last year, after a highly successful $6 million IPO.
The Company has a portfolio of prospective gold and base metals projects in the Peak Hill Mining District in the mid-west region of Western Australia. This is the same region as Sandfire Resources’ (ASX: SFR) major high grade copper-gold discoveries and Doray Minerals (ASX: DRM) recently reported high-grade gold intersections from Andy Well at its Meekatharra North Project.
Rubianna’s lead project is the Ruby Well project, which is located approximately 70km southwest of Sandfire’s Doolgunna project within the Naracoota Formation, which extends southwest through four of Rubianna’s tenements.

[tobo]

Land is one thing, but takes management to convert opportunity to $.
snippets from website:
Alex Nutter – Chairman
Geologist, prev Technical Director of Grange Resources 12 years. over 40 years experience in mineral exploration, resource evaluation and project feasibility in Australia, West Africa and the Asia-Pacific region. and has been responsible for the discovery and/or acquisition of several mineral resources - public companies.
Len Skotsch – Managing Director
Geology, and an MBA, . strong background in exploration geology especially in gold. started in Petroleum , moved to gold exploration - Project Geologist., Exploration Geologist , Exploration Manager e. In 2007, Len joined Grange Resources as the General Manager Exploration to float their gold and copper assets into a new company. Most recently he has been involved in feasibility studies on Grange’s Southdown project.
Angus Middleton – Non-Executive Director
fund manager and former stockbroker who has extensive experience in the Australian resources sector and in particular in relation to capital raisings for exploration companies


Emphasis on Geology + some Feasibilty + cap raising.
They can pick up production etc skills further down the track