RXL rox resources limited

comparison to ovr, page-6

  1. 182 Posts.
    Further to my previous post, RXL does have potentially at least one advantage over OVR - they likely would be able to free-ride off Teck into production, should Myrtle prove up to be economic. That, in exchange for a stake that still could exceed a billion pounds of combined lead/zinc could prove to be a company maker.

    IE:

    12.9MT at 4.8% = 619,200 tonnes of zinc
    There are 2204.63 pounds per tonne, and thus 1,365,106,896 or 1.37 billion pounds of zinc based on current JORC and 30% stake.

    The amount of mineable zinc would then depend on recovery rates and metallurgical work. If it's anything like OVR expects then an 80% recovery rate would work out to be 1,092,085,517 pounds of recoverable zinc.

    If RXL was able to effectively free-ride itself on to that amount of zinc, then I would say shareholders would be extremely happy.
 
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Last
33.0¢
Change
0.025(8.20%)
Mkt cap ! $246.3M
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31.0¢ 33.5¢ 30.5¢ $1.407M 4.451M

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