no it was about zinc as well. Myrtle is only 20k south of the zinc mine at Macathur River. In 2010 zinc was the base metal that was out of favour. After the shortage and subsequent zinc boom of the mid 2000s there was an over supply of zinc in 2010 which was the shame of it because had it been another metal then RXL probably would have kicked on well above 12c. What RXL did was to take the funds they got from Teck and headed off to WA to chase Ni and Au which were both much more fashionable in those days. They left Teck to explore the Zi leases in the NT.
Ann: World Class Zn-Pb Resource at Teena-RXL.AX, page-72
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15.3¢ |
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