have a look at RXL currently 3.3c per share with a MC of $9m
15.4Mt @ 6.84% zinc/lead combined proven to inferred & indicated category & 20kms from Xstrata's McArthur River mine with infrastructure in place
thats 4.2M pounds @ $1 a pound you do the maths
stock would need to trade @ 20c just to represent 1% of it's proven IGV to date - and it's only getting bigger having only drilled the edges.
Management believe through the next drilling campaign targeting the High Grade zone they can upgrade the current resource to 100Mt @ 10% combined - which inturn would blow out IGV to around $20B at current prices - then the game changes...
RIO have a 9% stake as major shareholder & running off the most recent preso - plenty of interest from other "MAJOR" companies.
