The odds of making an economic discovery in greenfield exploration are at least 1:1000 to 1:2000 (not to good), so RXL are a bit better than a Great Pretender, with Fisher East hosting mineralisation of economic grade over mineable widths.
The question is now: Can RXL define sufficient tonnes (that hang together) to support a mining operation.
~5Mt @ 2-3%Ni eqv??
The announcement will hopefully be a good step in that direction, then we will again, hopefully see a rerating as per the companies who have had similar recent success (greenfield exploration discovery of an economically viable orebody - Sandfire and Sirius)
suspension, page-9
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $66.38M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.5¢ | $30.97K | 195.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 84043 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 20028 | 4 |
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| Last trade - 15.58pm 19/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |