All though this sell off could well have been expected as a...

All though this sell off could well have been expected as a result of Over Promising & Under Delivering, the market reaction is clearly knee jerk, with many holders following the current negative vibe like sheep to the sale yards.

Perhaps some time reappraising basic values within RXL would offer a degree of upside comfort..... for example:

Take into account the proven Nickle assets at Fisher East, which could readily be monetised by sale or off take agreement.

According to the RXL announcement 21 August 2019. nickel deposits (4.2Mt@ 1.9% Ni for 78,000t contained nickel)

'reference to ASX announcement 5 February 2016 - Indicated Mineral Resource:3.7Mt grading 1.9% Ni, Inferred Mineral Resource: 0.5Mt grading 1.5%Ni'

Current Nickel price $23,124 AUD per tn

At that price, 78,000t has a potential in-ground value of $1.8 billion

If we sold the asset at just 5% of value, it would have a monetised value of $90m to RXL.

Even if we took only 75% of that figure ($67.5m) in support of our market cap valuation, currently ($88m) using 4cps, that would represent a net value 'by default' of only $20m for our gold assets..... ridiculous to say the least.

What would RMS offer for the Gold assets, even in a depressed share price market??? If that offer excluded the Nickel, it would still begreater than $100m and on that basis alone, our current market cap should be at least $170m or 8cps.

When you go through some of these numbers, it shows how often sentiment can blindly prevail over fact in determining true stock value.

Lets hope we see common sense prevail through a quick price recovery, in anticipation of more positive news/announcements over the next few months.