@MrAu
I hold both RXL and MDI.
The results (when they are released) from RXL are great, but you don’t always need bonanza grades to be viable.
MDI stated in their Annual Report today: ‘The positive results of the exploration effort over the 2020 financial year together with those derived during the period subsequent to the reporting date are likely to see the Company make a decision to mine with first production of gold from the Sandstone Gold Project (following the recommissioning of the plant and pre-strip) expected, as at the date of this report, before the end of the 2021 financial year.’
I’ve scoured the RXL Annual Report and cant find a similar statement, just more commitments to keep drilling.
This isn’t cross promotion - it’s answering a question. IMO both RXL and MDI will transition from explorer to producer, but MDI will get there first.
GLTAH (of both RXL and MDI)!
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