RXL 0.00% 12.5¢ rox resources limited

just for fun, page-3

  1. 479 Posts.
    WOW! SV, That question is way to big for me ole' mate.

    All I can say is that it sure is looking healthy IMO.

    Camalwood has a high grade BULK MINABLE core of 520,000t @3.1%Ni which equates to 16,200t contained Ni metal.

    When I last spoke with the Co I was informed that there was enough Ni metal in that core to cover the cost of a plant, infrastructure and mining. That was around December last year and Ni price was floundering at $13,000t, now it's $18,000t.

    I suppose one could break the Camalwood high grade core value down into gold gpt, people seem to relate to that better. I make it around Au 12.5 gpt equivilant.

    My opinion is that we will be mining Gold and Nickel here in a couple of short years, and I think it will be funded via the sale of our 30% holding in Teena/myrtle Lead/Zinc.

    I wish all holders the very best and I'm watching ENT and MAT very closely. It's been very wet in the Goldfields this weekened, could have stoped ENT rig from moving to the 4TH drill site?
 
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