rxl could be the next sir, page-5

there was a time, not so very long ago, that not even SIR was the next SIR. Who really know what these juniors will find until they find it. That said you have to bet on something and RXL as a punt does have merit. Nearology to world class McArthur river, a low grade resource already establihed and the fact that Tek has shown faith in the story.

If RXL were to hit the jackpot and did a "SIR" then even taking into account RXL's larger share register and the fact that they may ultimately only own 30% of myrtle, an SP of 20c is not out of the question. SIR has so far hit the $225m MC mark (give or take). taking 30% of this and dividing by the number of RXL shares and 20c would be doable......I would say anyone who bought at 2c would be happy with that result.

I only hold a few of these nowadays for old time sake. 2 very wet seasons and 2 european collapses 2 years in a row has dulled my enthusiasm but given the right result I may just jump in for a few more.