RXL 10.3% 16.0¢ rox resources limited

I'm not that smart but i'm not SILLY enough to believe...

  1. 752 Posts.
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    I'm not that smart but i'm not SILLY enough to believe everything @m0ngy & @@MrAu promotes and pumps

    what he posted is incorrect and misleading.

    He states that beween the zones of Grace, Bunker & Plant there would be average grades of 4g/t au.!!! THIS IS WRONG WRONG WRONG!!!!!!!!


    I don't he intentional is trying to mislead.

    It appears is just a elementary over sight.

    Because if anyone bothered to WORK IT OUT. WHEN YOU PROPERLY AVERAGE THE 3 REFERENCE ZONES THE GRADES ARE ONLY !!!!!! 1.49 g/t au!!!!

    But there is a problem most the resource in this zone is still inferred and RXL will never convert all of them to Measured or Indicated and it will never all be recovered. You will be lucky to see half of the 374koz make it as Ore Reserves.

    RXL AINT AS BIG AS YOU THINK!!!!

    https://hotcopper.com.au/data/attachments/3957/3957695-1565f94049d252de720550d3a337438c.jpg




    https://hotcopper.com.au/data/attachments/3957/3957689-27cd4fefec3419150249bb9dcd4f2b23.jpg
    Last edited by timjames109: 07/01/22
 
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