RXL 2.56% 19.0¢ rox resources limited

possibly the next sir?...any thoughts, page-19

  1. 35,754 Posts.
    lightbulb Created with Sketch. 554

    So intersections where 130-200M below surface which is good but EM suggests Target Zone remains open in both directions & to a depth of atleast 500M. Sounds pretty broad to me but alot of drilling in it & cash is still pretty low really despite the SPP ($800K End of September + 30th November SPP $1.4M). It will be interesting to see how fast they move on it once the lab assays are recieved & i'd assume based on those will dictate speed - 18 months left on a $3.5M option which could end up being ridiculously cheap however i'm sure the company will want a clear understanding before that date comes and the have to make a move.

    They seem pretty confident moving for the cash to drill the EM target before todays assays where even recieved though.

    Wake me up in January.
 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
19.0¢
Change
-0.005(2.56%)
Mkt cap ! $78.01M
Open High Low Value Volume
19.0¢ 19.0¢ 18.0¢ $74.72K 394.4K

Buyers (Bids)

No. Vol. Price($)
5 127871 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 5000 1
View Market Depth
Last trade - 15.31pm 31/10/2024 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.