RXL 0.00% 15.0¢ rox resources limited

Tomorrow price?, page-16

  1. 169 Posts.
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    Sorry I jumped in early. It could potentially be longer then 10 years.

    Rox Resources managing director, Ian Mulholland said after several preliminary drill results, the ore body could now be classified as a resource.

    However, he said there were still many steps before the potential of a mine could be considered.

    "Eventually I imagine it will be a mine; I don't know exactly when but certainly, the resource is big enough to support [a mine]."

    "They will take time, and of course they cost money, so we have to fund it as well," he said. (Meaning before you become a millionaire, you will have to make Mr Ian one)
 
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