Need to raise for progress

March 2015 report from Bell Potter summed it up nicely.... Speculative junior explorers. It is never a good feeling raising capital and diluting but it needs to occur for the ongoing costs... I remain very confident based on facts. I am a long term holder and understand the risks however the rewards are huge if all comes together!!

"RXL’s value is leveraged to the success of three projects: - Fisher East nickel and its potential for a successful mine development in the near term; - Reward zinc, Teck’s earn-in and ultimately its development aspirations; and - Bonya copper and its potential to be a meaningful ore contributor to a development in that region. We factor in RXL raising an additional $7.5m (at $0.02/sh) over the next twelve months to fund ongoing exploration and administration"

http://www.roxresources.com.au/wp-content/uploads/2012/11/RXL-05032015.pdf