RXL rox resources limited

IMO Grace JORC less than 200k ox au but shallow oxide very low...

  1. 4,102 Posts.
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    IMO Grace JORC less than 200k ox au but shallow oxide very low AISC.
    100 percent RXL tenement targets probably dusters.
    Penny West Deep South dusters.
    Outstanding DD and granite holes low grade or dusters.
    Junction and Link very prospective with nice hits at Link.
    Nickel worth about $10m about double its exploration cost but less than investors expect.
    Venus determined not to give Rox complete ownership.
    Youanmi Deeps the outstanding project (thanks m0ngy).
    Possibilities: cease loosely targeted drilling.
    Focus on Link and Junction and dewater the main pit. DD the Deeps to raise the SP ready for a CR to
    fund Deeps development. Sell the nickel and abandon the Eureka tenement.
 
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Last
42.5¢
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Mkt cap ! $317.5M
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