RXL 0.00% 13.5¢ rox resources limited

Ann: AGM Presentation, page-125

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  1. 3,480 Posts.
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    hopefull there was no mention as to a sale or that rox would mine it , did say there were talks and a confidence agreement to prevent any thing be said , but he said at 2% ni not totally viable trucked to nearest plant [240km] which is Leinster. Nickel West’s concentrator plant [bhp ] said they could cut it back to 190 km cutting afew corners as a joke i think ,, by putting a concentrator plant at fisher and getting it to 5% which he said our nickel was good for that it was viable , so join the dots , the comment was our share price does not reflect our nickel , maybe 30-40 mil [not enough] so i am thinking a joint venture which will generate a cash stream , remember there is 78,000t value 1.4bil aprox if we retain 30-40% good money each year , to sell i would want 20% 280mil smile.png that could be possible ,but who knows have to wait till we get told frown.png
    he did not really say no ni assays to come , he bit his tongue tongue.png

    the quarterly report say
    page 13 ,, Mt Fisher East Ni Horatio 2 312 VTEM & Geochemistry, Ni Assays pending
    Mt Fisher Au Damsel 1 222 Geochemistry, Au Assays pending
    Mt Fisher East Ni Emu Bush 1 150 Geochemistry, base metals Assays pending
    Mt Fisher East Ni Corktree South 1 172 Structure & geochemistry, Ni Assays pending
    Mt Fisher East Ni Cutlass 1 162 Structure & geochemistry, Ni Assays pending so 6 to come,


    well done to fish best post of the month voted well 70 wow , fish was clearly on the menu , was it good friday ,

    the wise old fox ,Mr Stephen Dennis Non-Executive Chairman, appointed August 2015


    hold onto your rox




 
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