Almost certainly you are correct. RXL is a cashed-up junior in a...

Almost certainly you are correct. RXL is a cashed-up junior in a large gold-rich area populated by other juniors that have promising finds but no cash to develop them. And why should RXL use its financial reserves to buy into them? That money is needed for drilling. When a company has $$$ it can raise more $$ easily and cheaply. The shares RXL issues to raise this cash will not be at a huge discount imo. They don't have to offer a massive discount. Worth keeping in mind that RXL has the makings of a mine with just $25m needed to be fully operational (versus $100m++ for a new mine). This means that the all-in cash costs of mining in the area is cheaper for RXL. We are now seeing that RXL is highly ambitious and predatory. They are aiming to be big, to dominate the region. Of course, there will be ebbs and flows, SP movements in the short term but imo RXL is a tiger whose tail we should be hanging onto.