Be patient on this stock as it has substance.I strongly suspect and I hope drilling will confirm the clustered EM anomalies to the south are shallower expressions of the EM anomalies to the north which require diamond drilling.That being the case I would expect Nickel grades in the order of 2-4% to be found there.All the current Nickel attention seems to be centered on the Fraser Range.This is crazy given the grades are low,the geology poorly understood and exploration expensive,given diamond drilling is a requirement.You also need to find an elephant sized deposit at these grades to make a go of it.RXL is within trucking distance of existing processing facilities and the grades significantly higher.I would expect a significant upgrade in the share price before the end of the year.I should not be talking up this stock given that I am currently trying to buy more,however I wish to guide the poor and battered resource investor of recent years into a project of greater of greater merit.
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.43M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.3¢ | $54.84K | 406.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 252080 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 104571 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 252080 | 0.130 |
4 | 381022 | 0.125 |
8 | 536916 | 0.120 |
4 | 149999 | 0.115 |
8 | 313644 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 104571 | 1 |
0.140 | 643711 | 10 |
0.145 | 352538 | 7 |
0.150 | 244411 | 5 |
0.155 | 110000 | 2 |
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