no worries Peace, I reckon we needed a bit of balance on this forum after the last few emotive days.
For Teck to have signed a JV with RXL, when they could have looked at so many other projects, speaks volumes.
The article explains perfectly RXL's strategy in choosing Marqua - like Myrtle, it is:
1. Another undeveloped tenement 2. The previous owners thought was uneconomic 3. Recent drilling results have showed big potential 4. The tenement is strategically very close to many other large deposits, including one very large producing deposits, and other large deposits close to production (Wonarah under Minemakers for example).
It also is again interesting to point out that Marqua is not too far off Legend's deposit - the same company that RXL acquired further tenements around Myrtle from. Legend has a Chinese partner, Wengfu, who is jointly working on the feasibility study with them.
This does provide options to RXL of course, should their Marqua drilling hit success.
RXL Price at posting:
7.3¢ Sentiment: None Disclosure: Held
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