Cheers for the reply Cashed. Agree about Midway, but for now, the drill results to date point to.... a decent discovery. But not enough to swing the dial. You make a really good point about remnant mining. I have very painfully learned, that just because lots of gold was mined in the 'old days', does not mean they left any behind! I don't want agree the whole time, but... in regards to the sulphide's you are 10000% correct. I do think it would be quite a different situation if met was not an issue for RMS, but it is what it is.
Appreciate the agreement on the ownership issue. Though I imagine Hawkes Point believe they can come to a mutual agreement with VMC. But if that is true, why are the waiting.... unless, they want more control over RXL, before doing any deal. Which is likely easy enough as they will just keep increasing their holdings via ever more dilutionary raisings.
It's tough to invest in the Gold sector, particularly with explorers that hope to transition to developers.
I actually think 9/10 the companies should explore until they have a project that is actually investable or just sell up. I don't see either option for RXL in the near term, but... I hope I am wrong and shareholders make a great return. We will see.
RXL Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
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