RXL 6.25% 17.0¢ rox resources limited

The news was not perceived as significant enough to budge the...

  1. 1,502 Posts.
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    The news was not perceived as significant enough to budge the dial.
    If we keep getting more of the same low impact news spread over lots of sites it could start to undermine confidence.
    Will more news of potential new finds of unknown value be seen as dissipating effort and news impact?
    I'm no mining expert, but it occurs to me that RXL may have too many fish (pun intended) of questionable size, too many disconnected holes to dig & overburden to shift. Also, total Ag ounces spread over 5 sites may not necessarily make the operation highly profitable ie high grade low tons are marginal if at depth in one-off digs.
    A Youanmi Super Pit appears to be the ideal, but is this what is evolving?

    As a non-expert, if I have these concerns, so too may others.

    I'm not trying to down-ramp, I'm just a cautious investor after being burnt a couple of times (like all of us).
    I also call it like I see it. Please tell me if/where I'm wrong.

 
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