RXL 3.03% 16.0¢ rox resources limited

Ann: Musket Drilling Update , page-20

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  1. 479 Posts.
    Well that alone equates to $120m doggie and growing with every hole drilled. Add Camelwood of 32kt contained Ni and the global $ is rather healthy.

    The fact is that the global resource eg. Camelwood, Cannonball, Musket dips at 60 degrees. That makes 1m narrow vains easily minable via bulk mining methods.

    Bare in mind that Camelwood 32kt contained Ni covers the cost of infrastructure, plant, decline access and mining.

    doggie, narrow sections of this resource carry very high grades 4.5% to 8% Ni. Not to be disregarded.

 
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