time for reflection i think, page-8

Matchbox,

now that post deserves plenty of thumbs.....

i still don't see the purpose of Resolution 5 being voted for at the AGM when somehow they where able to issue a significantly larger amount...... but anyway....

$5,000,000 is exactly the kind of cash backing that was required for RXL to drill the high grade target area & significantly increase the resource base....

if that is done & proves succesful the next player coming in with 70/30 JV offer will be paying a much larger sum...

The company is a zinc explorer, that is why people invested in the company - to extract value from Myrtle, not a half way journey to then palm off the larger part when significant realisation of the resource is only a drilling program away.....

I do think Teck is a very impressive partner to have on the project -

but should they be there at this point ?

i don't think so.....

Management state that they continue to find ways to deliver shareholder value----

do i think so ?

not really...

While i don't mind the Marqua project - that is not why people invested - it's not the time to walk away from a long held project and start a new one.....