I have to admire your determination of support for RXL and Cannon, m0ngy. I was a shareholder back in 2016, holding for another success like the zinc deposit in the NT (Reward?, since sold to Teck). I left RXL to keep exploring but there was little market interest in Mt Fisher etc (no Youanmi arrangement at that time). As I recall, decent grades and mineralisation started appearing at depth (600m+) but the economics did not attract. Now, with Ni a sexy battery metal, there have been Ni deposits come to the fore from all over Australia. First and foremost of these is the massive Julimar area in WA with CHN. You say that CNR is more advanced than any other junior. That certainly does not apply to CHN which is junior in advancement, if not in scale and so equivalent to CNR on a development basis. Then there is MLX which is working on a spin-out of its massive Ni resources in the NT (2M Tonnes compared to CNR's 0.087 MT).
CNR has a long way to go to identify serious nickel resources. All the best to them and worth a go, but certainly not the bees knees as you are making out. They do not have reserves defined yet and only a very limited but deep resource.
CNR Price at posting:
29.0¢ Sentiment: None Disclosure: Held
