Rox has a small high grade nickel JORC. NickelWest are snapping up nickel resources that are much bigger. Double the size of Rox's and it's worth 5 times as much. Since before Alex's time as MD Rox has been trying to increase the JORC.. Despite their best efforts and a big spend they have not succeeded so are now selling as is. It is possible that with the nickel boom Fisher will become commercially more attractive to the big companies and worth much more
But $20m is very useful right now.
Rox Resources Investor Update - February, page-23
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