RXL 0.00% 13.0¢ rox resources limited

Ann: Impressive Gold Grades in Youanmi Drilling, page-394

  1. 223 Posts.
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    nonsense?

    if you're going to invest in mining, there's some basics you need to learn

    jorc resource mean very little unless it's economic, 1.19moz is worth FA if it's low grade and unprofitable.

    Grace is the only thing that has value but they need scale it up... doing the math on the current resource envelope at grace you will not get more than 300koz... it can grow with more drilling

    CHN doesn't have a resource, but it's obvious to people that understand geology that what they have is significant which is why they have their market cap... a big resource needs a lot of drilling

    rxy has a long way to go before it's at CHN scale

    just telling it like it is, as I said I hold both so want both to do well
 
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