@m0ngy, @yacheng These grades are good and shallow which is why...

@m0ngy, @yacheng These grades are good and shallow which is why RXL is

The next set of results (in 2-3 weeks) hopefully will be just as exceptional.

Comparing this to the SPX phenomena, SPX was hovering about 2.3-2.5c on first discovery. Near-ology gives RXL a 10-20% preimum so 2.6-3c is about right. The MC should probably higher given that there is less risk and ownership issues.

What made SPX sky rocket to 6c (now 9c) is the fact that they intensified their program and have potentially a very large mass. SPX were able to join Penny West with their Magenta to make it huge.

RXL is hoping to do the same and there is obviously plenty more digging to do and results are due in all directions. The major point of difference here is that these grades are really shallow.

Would you agree in saying (objectively) the following is correct:

Wins
+ Excellent grade/shallow-ness @ Grace near Younami
+ still lots more opportunity
+ Cullens (Mt Eureka) still to be explored - ie more opportunity for further discovery

Not so great
- Currans Find is pretty much leave this alone (not worthwhile on its own)
- Mt Fisher - not worth pursuing, but may eventually join with the Mt Eureka project