Maybe, but I very much doubt it.Intercepts so far are quite...

Maybe, but I very much doubt it.

Intercepts so far are quite skinny (save for one 20m hit), but the narrowness of the intercepts aren't compensated with high grades (like you see with Nova, or WSA's Flying Fox, for example. On top of that, RXL never seem to highlight the true width of their intercepts (unlike SIR). you can only guess by looking at the cross section diagrams, that the true widths of the intercepts are something like 30% to 40% less than the reported widths.

Shape of the deposit (as we can summise it to be with the limited information we have) to my way of thinking (and I'm no mining engineer!) doesn't look too amenable to low cost extraction. Compare that to Nova, which is a large chunky deposit, that should lend itself to economical bulk extraction quite easily.

RXL might come good, and if it does, I'll happily buy some shares at a higher price, but I can't see anything at this stage to suggest they're going to get a mine out of it.