RXL 1.67% 15.3¢ rox resources limited

Ann: Aircore Drilling at Fisher East, page-4

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  1. 300 Posts.
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    Be patient on this stock as it has substance.I strongly suspect and I hope drilling will confirm the clustered EM anomalies to the south are shallower expressions of the EM anomalies to the north which require diamond drilling.That being the case I would expect Nickel grades in the order of 2-4% to be found there.All the current Nickel attention seems to be centered on the Fraser Range.This is crazy given the grades are low,the geology poorly understood and exploration expensive,given diamond drilling is a requirement.You also need to find an elephant sized deposit at these grades to make a go of it.RXL is within trucking distance of existing processing facilities and the grades significantly higher.I would expect a significant upgrade in the share price before the end of the year.I should not be talking up this stock given that I am currently trying to buy more,however I wish to guide the poor and battered resource investor of recent years into a project of greater of greater merit.
 
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Last
15.3¢
Change
0.003(1.67%)
Mkt cap ! $57.48M
Open High Low Value Volume
15.0¢ 15.5¢ 15.0¢ $3.554K 23.53K

Buyers (Bids)

No. Vol. Price($)
7 476755 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 246433 6
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Last trade - 12.01pm 29/11/2024 (20 minute delay) ?
RXL (ASX) Chart
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