RXL 2.86% 17.0¢ rox resources limited

forget sir, rxl can be the next jbm

  1. 107 Posts.
    "RXL's fisher east prospect is right next door to JBM/xstrata's cosmos mine, and BHP's Mt Keith nickel mine, already showing similarities... "

    The prospect is in another another greenstone belt east of the well endowed Agnew-Wiluna Greenstone belt which hosts Mt.Keith and Leinster. It is still an exciting locality however. When it comes to NiS endowment the northern goldfields is elephant country, with the bulk of the Ni tonnes for WA in this locality so it could bode well.

    Having said that it may just turn out to be another small NiS occurance that is of no economic significance. There are plenty of these throughout WA and the world. We will know the answer to that in a few months time, but right now I think this is probably one of the better Ni opportunities in the market at the moment because of its locality.


 
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