Cautious Optimism, page-2

Agreed tone 500.I share your sentiments and predicament.The game is changing for the positive and I base this not on the share price spike of one day. Firstly,I expect the assay results from the next two holes from TEENA to be released on Friday or possibly Monday,given the company has just received a speeding ticket from the ASX. I expect these results,given the proximity to the first hole,to be equal or greater to the first.Whilst a long way from JORC compliance,the size of the deposit indicated will come to the attention of a major player.It ticks all the boxes.Scale,level of sovereign risk and infrastructure.By the way,GLENCORE next door would be open to overtures from a player to meet its rehabilitation liabilities at MacArthur River,in order to rebalance its books.Reasoned speculation I guess. Secondly,given the downturn in exploration activity in recent years,there is fast becoming a shortage of projects with a realistic chance of success.I am sure that a few rulers will be run over Fisher East,in the not to distant future.Longer term I particularly like the BONYA project. Given the market caps of some of the companies I have researched on the ASX,(including one with the same market cap as RXL,looked for nickel in the Fraser Range and does not appear to have found any thing), I see a bright future for RXL. Eventually,the market looks at substance.For this reason hold firm. Good luck to all.